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HoldCo Asset pushes Comerica holders to vote down Fifth Third deal

Comerica Bank office building in downtown Long Beach, Los Angeles County, California, USA

HoldCo Asset Management is urging Comerica (CMA) shareholders to vote against a planned sale to Fifth Third Bancorp (FITB).

HoldCo, which has a 1.6% stake in Comerica, argues that shareholders should insist on a higher price or a superior alternative transaction, the investor said

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