WASHINGTON (Dow Jones)- Bank of Montreal (BMO) can acquire Marshall & Ilsley Corp. (MI), M&I Marshall & Ilsley Bank and its nonbanking subsidiaries, the Federal Reserve said Tuesday.

The Fed issued an order saying that Bank of Montreal can acquire Marshall & Ilsley Corporation of Milwaukee, and its two subsidiary banks, M&I Marshall & Ilsley Bank of Milwaukee, and M&I Bank of Mayville, Wisconsin.

Bank of Montreal bought Marshall & Ilsley Corp. for $4.1 billion in December.

-By Jamila Trindle, Dow Jones Newswires; 202-862-6684; jamila.trindle@dowjones.com

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