Local Focus.(Business)

0 Comments | Daily Herald (Arlington Heights, IL), December, 2005

HSBC acquisition of Metris in the books PROSPECT HEIGHTS -HSBC Finance Corp., the sixth largest issuer of MasterCard and Visa credit cards in the U.S., on Thursday announced the closing of its acquisition of Minnetonka, Minn.-based Metris Companies Inc., currently the 11th largest issuer of the cards.

The total consideration paid by HSBC Finance, the consumer lending division of HSBC - North America Holdings Inc., to Metris shareholders was about $1.6 billion in cash. Under terms of the agreement, each holder of Metris common stock has received $15 per share. Lawson Products buys Rutland Tool DES PLAINES - Screw, rivet and fastener maker Lawson Products Inc. announced the completion of the purchase of the assets and operations of Rutland Tool & Supply Co.,...

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