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Why investors may be better off if the CIBC-PrivateBank deal falls through Add to ...

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Canadian Imperial Bank of Commerce wants to expand into the United States with a deal to acquire Chicago-based PrivateBancorp Inc., but investors will do just fine if the Canadian lender walks away.

CIBC announced the deal last June, when the price tag for PrivateBank, as it is called, was set at $4.9-billion (Canadian) or about $47 (U.S.) a share.

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