Market Currents
Alliance Financial (ALNC +16.5%) jumps to an all-time high after agreeing to a takeover by NBT...
-
Monday, October 8, 2012, 2:58 PM ETAlliance Financial (ALNC +16.5%) jumps to an all-time high after agreeing to a takeover by NBT Bancorp (NBTB -3%) in a deal valued at ~$233M that combines two upstate New York lenders. ALNC shareholders will receive 2.1779 shares of NBT common stock, or ~$48.24/share based on Friday's close, a 22% premium.
Other date
Latest Articles on Financials
This news story has 1 comment: