This excerpt taken from the PNC 8-K filed Jul 19, 2007.
Sterling and PNC Pricing Data
*Adjusted 2006 EPS based on reported earnings less reported Commercial Finance segment earnings of $17 million.
**Adjusted Tangible Premium computed using 2006 reported tangible book value less assumed $165 million charge for impairment related to Commercial Finance segment.
Reported amounts from Sterling's 2006 Form 10-K as originally filed. Assumed impairment charge based on estimates contained in Sterling's Form 8-K dated May 23, 2007.
Comparables based on recent acquisitions of banking companies with assets between $750 million and $11.5 billion.