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People's United jumps 14% after M&T agrees to buy the regional bank for $7.6 billion

Lucas Jackson/Reuters People's United Financial surged 14% on Monday after M&T Bank agreed to acquire the regional bank for $7.6 billion.The proposed merger will be funded with stock, with M&T issuing 0.118 shares for each People's United share. The combined bank will have $200 billion in assets, with locations in 12 states on the East coast.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.People's United Financial surged as much as 14% on Monday after M&T Bank agre...
Tags: Banks, Trends, Markets, Stock Market, United, East, Mid Atlantic, M&T Bank, Matthew Fox, People s United, René Jones, Mover, Merger and Acquisitions, Stock Market 2021, Regional Banks, Lucas Jackson Reuters People s United Financial


People's United jumps 10% after M&T agrees to buy the regional bank for $7.6 billion

Lucas Jackson/Reuters People's United Financial surged 10% on Monday after M&T Bank agreed to acquire the regional bank for $7.6 billion.The proposed merger will be funded with stock, with M&T issuing 0.118 shares for each People's United share. The combined bank will have $200 billion in assets, with locations in 12 states on the East coast.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.People's United Financial surged as much as 10% on Monday after M&T Bank agre...
Tags: Banks, Trends, Markets, Stock Market, United, East, Mid Atlantic, M&T Bank, Matthew Fox, People s United, René Jones, Mover, Merger and Acquisitions, Stock Market 2021, Regional Banks, Lucas Jackson Reuters People s United Financial


Stamford firm acquires software peer

On March 31, 2016, Basware announced the acquisition of Verian, a Charlotte, N.C. firm that sells procurement applications with customers including People's United Financial. On March 31, 2016, Basware announced the acquisition of Verian, a Charlotte, N.C. firm that sells procurement applications with customers including People's United Financial.
Tags: Charlotte, Stamford, Basware, People s United