Astoria Financial Corp. (AF) Tops Q3 EPS by 1c

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Go back to Astoria Financial Corp. (AF) Tops Q3 EPS by 1c

New York Community Bancorp (NYCB) to Acquire Astoria Financial (AF) in $2B Deal

October 29, 2015 7:34 AM EDT

New York Community Bancorp (NYSE: NYCB) and Astoria Financial Corporation (NYSE: AF), the parent company for Astoria Bank, today announced the signing of a definitive agreement under which the two companies will combine in a strategic merger.

The transaction, which is valued at approximately $2.0 billion, is expected to be immediately accretive to pro forma diluted earnings per share and pro forma tangible book value per share.

Under the terms of the agreement, which has been unanimously approved by the Boards of Directors of both companies, Astoria Financial Corporation... More