City National (CYN) Stock Surging in Pre-Market Trading Today on Royal Bank of Canada Buy

NEW YORK (TheStreet) -- Shares of City National Corp. are climbing higher by 19.08% to $88.80 in pre-market trading on Thursday morning, following the company's announcement that it has agreed to be acquired by Royal Bank of Canada for approximately $5.4 billion. City National is a bank and financial holding company. Royal Bank of Canada is a banking company. "This combination is a compelling opportunity. It will deliver significant value to City National shareholders along with the opportunity ...