Shareholders in Star Banc Corp. and Firstar Corp. of Milwaukee Tuesday approved the planned $8 billion merger of the two companies.

The transaction creating a $38 billion-asset banking company is to close early next month, pending approval by the Federal Reserve.

Under the agreement, Star shareholders would get one share in the combined company for each Star Banc share. Firstar shareholders would get 0.76 of a share in the combined company for each share of Firstar.

-Brett Chase

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