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HU3 - Huntington Bancshares Inc News Story

€8.2 0.0  0.0%

Last Trade - 18/09/20

Sector
Financials
Size
Large Cap
Market Cap £7.63bn
Enterprise Value £15.62bn
Revenue £3.62bn
Position in Universe 118th / 1040

Huntington Bancshares wins antitrust approval for bank buy

Wed 13th July, 2016 4:51pm
WASHINGTON, July 13 (Reuters) - Huntington Bancshares Inc 
 HBAN.O , which owns Huntington National Bank and has branches 
in six states, has won U.S. antitrust approval to buy FirstMerit 
Corp  FMER.O on the condition that the companies sell 13 
branches in Ohio, the Justice Department said Wednesday. 
    They agreed to sell 13 branches in northeastern Ohio, two in 
Ashtabula county and 11 in Stark County, the department said in 
a statement. 
    The deal, estimated to be worth about $3.4 billion, must 
still be approved by the Board of Governors of the Federal 
Reserve System. 
    Ohio-based Huntington is in Indiana, Kentucky, Michigan, 
Ohio, Pennsylvania and West Virginia while FirstMerit is in 
Illinois, Michigan, Ohio, Pennsylvania and Wisconsin. 
 
 (Reporting by Diane Bartz; Editing by David Gregorio) 
 ((Diane.Bartz@thomsonreuters.com; 1 202 898 8313;)) 
 
Keywords: FIRSTMERIT M&A/HUNTINGTONBANCSHARES
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