Clear Run

The District Courts this week cleared Mercantile Leasing to merge with Nations Trust Bank with effect from January 2006. The District Courts this week cleared Mercantile Leasing to merge with Nations Trust Bank with effect from January 2006. Trading in Mercantile Leasing will be suspended from December 22, to push the merger and to allocate shares in NTB to the leasing firm’s shareholders.

Mercantile Leasing Limited told shareholders on Friday that they will be allocated two shares in NTB for every share they hold in the leasing operation after trading in its shares are halted.

-LBO Newsdesk: lboemail@vanguardlk.com