, CMA
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Date: | --/--/-- --:--:-- |
Event Id: | E5DOE3P0K |
Action Type: | ACQUISITION |
Action Status: | ANNOUNCED |
Acquirer Symbol: | |
Target Symbol: | CMA |
Updated: | --/--/-- --:--:-- |
Purchase Price Per Share: | 82.88 |
Price Per Share Currency: | USD |
News References: | https://www.businesswire.com/news/home/20251005297654/en/ |
Action Notes
Fifth Third Bancorp and Comerica Incorporated today announced that they have entered into a definitive merger agreement under which Fifth Third will acquire Comerica in an all-stock transaction valued at $10.9 billion. Under the terms of the agreement, Comerica's stockholders will receive 1.8663 Fifth Third shares for each Comerica share, representing $82.88 per share as of Fifth Third's closing stock price on October 3, 2025, and a 20% premium to Comerica's 10-day volume-weighted average stock price. At close, Fifth Third shareholders will own approximately 73% and Comerica shareholders will own approximately 27% of the combined company. The transaction is anticipated to close at the end of the first quarter of 2026. The transaction is subject to shareholder approvals for both Fifth Third and Comerica, customary regulatory approvals and closing conditions.