Comerica (CMA) will acquire Sterling Bancshares (SBIB) in an all-stock transaction worth about...

|About: Comerica Inc. (CMA)|By:, SA News Editor

Comerica (CMA) will acquire Sterling Bancshares (SBIB) in an all-stock transaction worth about $1B. The deal values SBIB at about $10/share, depending on how CMA shares do. Presently, CMA is -5.4%, and SBIB is +19.5% to $9.20. (PR)