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Shinsei Bank to buy unit via share exchange

Tuesday, 20 Sep 2016 09:15pm EDT

Shinsei Bank Ltd <8303.T>: Says it to fully acquire its unit Showa Leasing Co.,Ltd. via share exchange with effective date on Dec. 1 .Says one ordinary share of Showa Leasing can be exchanged for 2.17 ordinary shares of the co.

BB&T announces early termination of FDIC loss share agreements

Thursday, 15 Sep 2016 08:35am EDT

BB&T Corp : BB&T announces early termination of FDIC loss share agreements . BB&T Corp says under terms of agreement, Branch Bank will make a cash payment of $230 million . BB&T will recognize pre-tax expense of approximately $20 million this quarter . As a result of settlement, BB&T will recognize pre-tax expense of approximately $20 million this quarter . BB&T retains ownership of related loans, securities and other assets . Early termination eliminates assets and liabilities associated with indemnification, a net liability of about $210 million at June 30 . BB&T Corp says under terms of agreement, FDIC will no longer share in future benefits related to these assets .There will be a positive impact to future earnings related to elimination of FDIC amortization expense.

Amundi, Credit Agricole merge real estate management activities

Wednesday, 14 Sep 2016 12:28pm EDT

Amundi SA : Amundi and Crédit Agricole Immobilier have decided to combine their real estate management activities by merging their specialised management companies Amundi Immobilier and CA Immobilier Investors (CAII) . Deal will consist in Crédit Agricole Immobilier contributing CAII shares to Amundi in return for Amundi shares . Based on a valuation of €29.3 million for CAII and a valuation of €43 for the Amundi share (representing the average share price in August), 680,232 new Amundi shares will be issued for the benefit of Crédit Agricole Immobilier. .The transaction will have a neutral impact on Amundi's net earnings per share in 2016.

Banco Popolare sets liquidation value for shares at 3.156 euros

Tuesday, 13 Sep 2016 01:31am EDT

Banco Popolare says: will hold extraordinary shareholders' meeting to vote on a planned merger with Banca Popolare di Milano on Oct. 14, on first call, and on Oct. 15, on second call . the approval of the merger will trigger the right of withdrawal for shareholders who are not in favour of the merger .liquidation value for its shares placed under withdrawal is 3.156 euros each.

Banco Popolare sets liquidation value for shares at 3.156 euros

Tuesday, 13 Sep 2016 01:31am EDT

Banco Popolare says: will hold extraordinary shareholders' meeting to vote on a planned merger with Banca Popolare di Milano on Oct. 14, on first call, and on Oct. 15, on second call . the approval of the merger will trigger the right of withdrawal for shareholders who are not in favour of the merger .liquidation value for its shares placed under withdrawal is 3.156 euros each.

VersaBank and PWC capital to merge

Monday, 12 Sep 2016 11:02pm EDT

VersaBank : VersaBank & PWC Capital agree to merge . Board of each of PWC and vb resolved to unanimously recommend that their securityholders vote in favour of transaction . Each non-voting, non-participating class "b" preferred share in capital of PWC will be acquired by PWC for 102.385 PWC common shares . Each $1,000 in principal amount of 9% unsecured notes of PWC maturing october 16, 2018, to be acquired by PWC for 4,784 PWC common shares . Pursuant to amalgamation, each PWC common share will be converted into bank common shares on basis of 36.652 PWC shares for 1 bank shares . Pursuant to amalgamation, all of outstanding vb securities will be converted into equivalent securities of bank on a one for one basis . Upon completion, co anticipates existing securityholders and lenders of PWC to own about of 64.9% of VersaBank common shares .Upon completion, co anticipates existing common shareholders of VersaBank will own remaining shares.

United Community says Ohio Legacy deal includes termination fee of $1.6 mln

Friday, 9 Sep 2016 06:05am EDT

United Community Financial Corp :Agreement with Ohio Legacy provides termination fee of $1.6 million payable by Ohio Legacy to UCFC upon termination of merger.

United Community says Ohio Legacy deal includes termination fee of $1.6 mln

Friday, 9 Sep 2016 06:05am EDT

United Community Financial Corp :Agreement with Ohio Legacy provides termination fee of $1.6 million payable by Ohio Legacy to UCFC upon termination of merger.

United Community Financial to acquire Ohio Legacy Corp

Thursday, 8 Sep 2016 04:01pm EDT

United Community Financial Corp : United Community Financial Corp to expand Akron and Canton Ohio presence with agreement to acquire Ohio Legacy Corp . Transaction is valued at approximately $18.00 per Ohio Legacy common share or approximately $40.3 million . Says excluding certain one-time charges, transaction is anticipated to be accretive to EPS by about 15 percent in 2017 . United Community Financial Corp says tangible book value per common share expected to be diluted by less than 6 percent at closing . Merger agreement has been unanimously approved by boards of directors of both companies . Anticipated that United Community and Home Savings will add Ohio Legacy's current chairman, Louis Altman, to their board .United Community Financial Corp says holders of Ohio Legacy common stock will elect to receive either 2.736 shares of United Community common stock.

TBC Bank Group confirms deal talks with JSC Bank Republic

Thursday, 8 Sep 2016 12:11pm EDT

TBC Bank Group Plc : Says confirms that it is in discussions regarding potential acquisition of JSC Bank Republic .Terms of any potential agreement have not yet been agreed..

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