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Fifth Third Bancorp (FITB) Is Pulling Back After Merger Agreement

MB Financial Inc. (MBFI) announced Monday morning that it has agreed to merge with Fifth Third Bancorp (FITB) in a transaction valued at approximately $4.7 billion.

Fifth Third Bancorp gapped open sharply lower this morning and is now down 2.17 at $31.39. The stock has dropped to nearly a 1-month low.

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