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HU3 - Huntington Bancshares Inc News Story

€7.55 -0.2  -2.0%

Last Trade - 7:05am

Sector
Financials
Size
Large Cap
Market Cap £7.10bn
Enterprise Value £15.20bn
Revenue £3.67bn
Position in Universe 118th / 1041

Huntington Bancshares in plans to buy FirstMerit - WSJ

Tue 26th January, 2016 12:40am
Jan 25 (Reuters) - Huntington Bancshares Inc  HBAN.O  is in 
advanced discussions to buy Ohio-based FirstMerit Corp  FMER.O , 
the Wall Street Journal reported on Monday, citing sources. 
    The deal, which is expected to be at a premium to 
FirstMerit's market capitalization of about $2.67 billion, could 
be announced late Monday, the Journal added. (http://on.wsj.com/1Py7DUD) 
    However, the talks could still fall apart at the last 
minute, the newspaper said. 
    The deal, if successful, would combine two of Ohio's midsize 
banks. 
    Huntington in October was in talks to acquire First Niagara 
Financial Group Inc  FNFG.O , which was later bought by KeyCorp 
 KEY.N , the Journal said. 
    Huntington and FirstMerit could not be immediately reached 
for comment outside regular business hours. 
     
 
 (Reporting by Rishika Sadam in Bengaluru; Editing by Richard 
Chang) 
 ((Rishika.S@thomsonreuters.com;)(within U.S. +1 646 223 8780, 
outside U.S. +91 80 6749 6997; Reuters Messaging: 
rishika.s.thomsonreuters.com@reuters.net)) 
 
Keywords: FIRSTMERIT M&A/HUNTINGTON BANC
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