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Fifth Third Bancorp (FITB) Sank To A 1-Month Low After Merger

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 Monday and slipped further in the first half of the morning. Shares finished down by 2.66 at $30.90 on the highest volume of the year. The stock tumbled to a 1-month low.

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