- EverBank Financial (NYSE:EVER-OLD) +2.8% premarket after agreeing to be acquired by financial services provider TIAA for $19.50/share, or ~$2.5B.
- The deal, which is expected to close in H1 2017, represents a 4.6% premium to Friday's $18.64 closing price.
- Shares had climbed 20% since July 25 when reports indicated that the bank was actively discussing a potential sale.
- Florida-based EverBank has $27.4B in assets and $18.8B in deposits, and operates mostly online.