21.05.2018 12:50:36
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MB Financial To Merge With Fifth Third Bancorp; Deal Valued At Approx. $4.7 Bln
(RTTNews) - Fifth Third Bancorp (FITB) and MB Financial, Inc. (MBFI) jointly announced a definitive merger agreement under which MB Financial will merge with Fifth Third Bancorp in a transaction valued at approximately $4.7 billion. Approximately 90 percent of the consideration will be in stock with the rest in cash. The common shareholders of MB Financial will receive $54.20 of total consideration, consisting of 1.45 shares of Fifth Third common stock and $5.54 in cash for each share of MB Financial common stock.
The transaction is expected to reduce Fifth Third's regulatory common equity Tier 1 (CET1) ratio by approximately 45 basis points. The pro forma tangible common equity to tangible assets (TCE) ratio of the combined entity is projected to be 8.2 percent at closing.
![](https://images.finanzen.at/images/unsortiert/wertpapierdepot-absichern-aktienchart-boerse-750493204-260.jpg)
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Fifth Third Bancorp | 41,77 | 0,76% |
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