M&T Bank Acquires People’s United Financial in All-Stock Transaction
M&T Bank and People’s United Financial entered into a definitive agreement under which M&T will acquire People’s United in an all-stock transaction. The implied total transaction value based on closing prices on Feb. 19, 2021, is approximately $7.6 billion.
February 23, 2021
J.P. Morgan Securities | Jack Barnes | Keefe Bruyette & Woods | Kirk Walters | Lazard | M&T Bank | People’s United Financial | René Jones | Simpson Thacher & Bartlett | Stifel | Sullivan & Cromwell
Phil Neuffer