A Royal Deal for City National

Shareholders at Royal Bank of Canada (RY) don’t seem thrilled about the bank’s $5.4 billion cash-and-stock deal to buy City National (CYN). How can we tell? City National shares soared 18.5% in recent market action, which is a pretty standard reaction by shareholders of a company being acquired. But RBC has fallen 2.15% to $60.17 [...]