Midland’s holders approved the sale of Crocker.
At a special meeting, shareholders of Britain’s Midland Bank PLC voted overwhelmingly in favor of the sale of the bank’s U.S. subsidiary, Crocker National Corp., to Wells Fargo & Co. for $1.07 billion. The acquisition is still subject to approval by U.S. regulatory agencies and Wells Fargo shareholders. Wells Fargo officials have said they expect to complete the transaction by June.
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