UBS Trims Numbers on FirstMerit (FMER) After Citizens Deal
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FirstMerit (FMER) to Acquire Citizens Republic (CRBC) for $22.50/Share
September 13, 2012 8:18 AM EDTFirstMerit Corporation (NASDAQ: FMER) and Citizens Republic Bancorp, Inc. (NASDAQ: CRBC) announced today that they have entered into a definitive agreement under which FirstMerit will acquire Citizens in a stock-for-stock transaction with a total value of approximately $912 million based on FirstMerit's average ten-day closing stock price ended September 12, 2012. The transaction creates a unique, contiguous... More
