based PNC Financial announced a deal to buy Cleveland's National City Corp this morning. National City Corp. slumped 25 percent to $2.07. October 24, 2008 5:24 PM ET NEW YORK (AP) - PNC Financial Services Group Incorporated said today it is acquiring National City Corp. See Futures Movers. , , ) said it would pay about $5.5 billion for troubled regional bank National City Corp. Details of the deal include National City shareholders receiving 0.039 PNC share for each National City share held. “We’re very pleased to have a presence in Cleveland,” said Rohr, who is a native of National City’s headquarters city. National City was denied government assistance and was forced into a sale. state market. News invite you to post your thoughts on this article or column in the box below. Be appropriate. Thursday, City National Corp.
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