MB Financial (MBFI) has agreed to acquire Taylor Capital (TAYC) for $680M in cash and stock,...

|About: MB Financial Inc. (MBFI)|By:, SA News Editor

MB Financial (MBFI) has agreed to acquire Taylor Capital (TAYC) for $680M in cash and stock, with MB's offer of $22 a share representing a premium of 24% on Taylor Capital's closing price of $17.81 on Friday. MB expects the deal to double the company's commercial banking market share in the Chicago area, and to immediately add to its earnings. (PR)