{"id":113851,"date":"2021-02-22T17:03:06","date_gmt":"2021-02-22T17:03:06","guid":{"rendered":"https:\/\/precoinnews.com\/?p=113851"},"modified":"2021-02-22T17:03:06","modified_gmt":"2021-02-22T17:03:06","slug":"mt-bank-buying-peoples-united-in-7-6b-all-stock-deal","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/mt-bank-buying-peoples-united-in-7-6b-all-stock-deal\/","title":{"rendered":"M&T Bank buying People\u2019s United in $7.6B all-stock deal"},"content":{"rendered":"

Fox Business Flash top headlines for February 22<\/h2>\n

Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.\n<\/p>\n

M&T Bank Corp. is buying People’s United Financial Inc. in an all-stock deal valued at about $7.6 billion.<\/p>\n

Branches of the two regional banks are sprinkled throughout the Northeast and mid-Atlantic.<\/p>\n\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
MTB<\/td>\nM&T BANK<\/td>\n154.54<\/td>\n+4.68<\/td>\n+3.12%<\/td>\n<\/tr>\n
PBCT<\/td>\nPEOPLE’S UNITED FIN. INC.<\/td>\n18.01<\/td>\n+2.33<\/td>\n+14.86%<\/td>\n<\/tr>\n
Powered by<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

CLICK HERE TO READ MORE ON FOX BUSINESS<\/strong><\/p>\n

People’s United shareholders will receive 0.118 of a share of M&T common stock for each share they own. People’s United shareholders will collectively own approximately 28% of the combined business.<\/p>\n

The combined company will have approximately $200 billion in assets and a network of more than 1,100 branches and more than 2,000 ATMs in 12 states from Maine to Virginia and the District of Columbia.<\/p>\n

<\/picture>\n

Pedestrians pass the New York Stock Exchange on Jan. 27, 2021, in New York. (AP Photo\/John Minchillo, File)<\/span><\/p>\n

M&T had been active in acquisitions, but People’s United would be the first major deal in almost six years.<\/p>\n

People’s headquarters in Bridgeport, Connecticut will serve as the New England regional headquarters for M&T.<\/p>\n

GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/strong> <\/strong><\/p>\n

The deal, expected to close in the fourth quarter, still needs a sign-off from shareholders of both companies.<\/p>\n

Shares of People’s United rose 8.4% before the market open Monday.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Fox Business Flash top headlines for February<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nM&T Bank buying People\u2019s United in $7.6B all-stock deal - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/mt-bank-buying-peoples-united-in-7-6b-all-stock-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M&T Bank buying People\u2019s United in $7.6B all-stock deal - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Fox Business Flash top headlines for February\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/mt-bank-buying-peoples-united-in-7-6b-all-stock-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-22T17:03:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/02\/931\/523\/stock-market.jpg?ve=1&tl=1\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/mt-bank-buying-peoples-united-in-7-6b-all-stock-deal\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/mt-bank-buying-peoples-united-in-7-6b-all-stock-deal\/\",\"name\":\"M&T Bank buying People\u2019s United in $7.6B all-stock deal - 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