Wisconsin Banking Update
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Letter: What About M&I Shareholders?
Posted on January 8th, 2011 No commentsM&I Bank’s leadership sold stock to BMO “for the greatly undervalued price of $7.75 [per share],” wrote Thomas J. Gitter, describing himself as an M&I shareholder, in a letter to the editor. “I was of the opinion that the bank was owned by the stockholders. It’s time to get a new board of directors whose fiduciary responsibility has the interest of the stockholders at heart,” he wrote to the Wisconsin State Journal.Leave a reply