Greenhill jumps on Mizuho Financial buyout deal

Greenhill & Co

22/05/2023 13:16

** Shares of brokerage firm Greenhill & Co Inc  GHL.N  rise
113% to $14.33 premarket on Mizuho Financial Group Inc  8411.T 
buyout deal 
    ** Mizuho to buy GHL for $15/shr in cash for a total value
of ~$550 mln including debt
    ** As of last close GHL has a total of 18.3 mln shares
outstanding
    ** Deal is expected to close by year end     
    ** Up to last close, stock had fallen 34% YTD 

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))