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PNC » Topics » THIRD QUARTER 2006 EARNINGS RELEASE

This excerpt taken from the PNC 8-K filed Sep 28, 2006.

THIRD QUARTER 2006 EARNINGS RELEASE

As previously reported, BlackRock, Inc. (“BlackRock”), a majority-owned subsidiary of PNC, and Merrill Lynch have entered into a definitive agreement pursuant to which Merrill Lynch will contribute its investment management business (“MLIM”) to BlackRock in exchange for newly issued BlackRock common and preferred stock. The anticipated closing of this transaction is September 29, 2006. Due to BlackRock’s decision to release third quarter earnings results on Monday, October 30, 2006, PNC plans to release its third quarter earnings results on Tuesday, October 31, 2006.

 

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