10:01 AM EST - CIBC : announced today that it will acquire a 41% equity interest in American Century Investments, a major U.S. asset management company with $112 billion U.S. under management and a track record of solid earnings and strong investment performance. Total consideration is $848 million U.S. The 100% cash transaction will be immediately accretive and CIBC's share of American Century earnings is expected to contribute approximately 15 cents per share of earnings in 2012 on a cash basis. CIBC
shares T.CM are trading up $0.22 at $74.84.
