BMO Capital Markets, the investment and corporate banking arm of Toronto's Bank of Montreal, has signed a definitive agreement to buy Griffin, Kubik, Stephens & Thompson Inc. in Chicago.
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The Canadian-chartered bank said the deal would make it the sixth-largest bank qualified municipal bond dealer in the United States and the largest in Illinois. Griffin, Kubik is an independent, full-service registered investment dealer. The deal is expected to close in June; its price was not disclosed.
