10:19 AM EST - Royal Bank of Canada : said Tuesday it will pay US$2.2 billion in cash and stock to acquire RBTT Financial Group, Trinidad's largest bank. Toronto-based Royal, Canada's largest bank, said the transaction will create one of the most expansive banking networks in the Caribbean, with a presence in 18 countries and territories across the region. Under the agreement, RBTT shareholders will receive a combination of 60 per cent cash and 40 per cent in Royal Bank shares. Royal Bank of Canada
shares T.RY are trading up 45 cents at $56.38.
