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Stock Market & Financial Investment News

News Breaks
March 22, 2013
07:34 EDTFMER, CRBCFirstMerit acquisition positive, says Oppenheimer
Oppenheimer believes that FirstMerit's (FMER) acquisition of Citizens Republic (CRBC) will create a more valuable franchise and it thinks that the assumptions behind the acquisition are conservative. The firm adds that FirstMerit could report higher levels of purchase accounting accretion after the deal is closed, and it maintains an Outperform rating on the shares.
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