Seeking Alpha

Alliance Financial (ALNC +16.5%) jumps to an all-time high after agreeing to a takeover by NBT...

Alliance 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.
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Comments (1)
  • SeanMac61
    , contributor
    Comment (1) | Send Message
     
    Is it time to sell ALNC? Has been one of my favorite stocks.
    8 Oct 2012, 11:11 PM Reply Like
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