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PrivateBancorp postpones shareholder vote

  • The reportedly off-, then on-again special meeting to vote on the sale to CIBC (NYSE:CM) is officially off.
  • PVTB CEO James Guyette: "In view of the significant changes to trading market conditions over the past few weeks, we believe it is in the best interests of all of PrivateBancorp's stockholders to have additional time to consider the value and long-term strategic benefits of this transaction."

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