Firstmerit Corp (FMER) Misses Q4 EPS by 1c

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Go back to Firstmerit Corp (FMER) Misses Q4 EPS by 1c

Huntington Bancshares (HBAN), FirstMerit (FMER) Enter Merger Agreement

January 26, 2016 6:24 AM EST

Huntington Bancshares Incorporated (Nasdaq: HBAN) and FirstMerit Corporation (Nasdaq: FMER) jointly announced the signing of a definitive merger agreement under which Ohio-based FirstMerit Corporation, the parent company of FirstMerit Bank, will merge into Huntington in a stock and cash transaction. Based on the closing price of Huntington's common shares on January 25, 2016 of $8.80, the total transaction value is approximately $3.4 billion, including outstanding options and other equity-linked securities.

The partnership brings together two companies who have served their respective communities for 150 years or more, meeting the banking needs of consumers... More