Mon, Aug. 8, 7:58 AM
- EverBank Financial (NYSE:EVER) +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.
Tue, Jul. 26, 7:16 AM
- The negotiations are with a "well-respected financial services company," says EverBank (NYSE:EVER), and the deal would be for $19.50 per share in cash. The stock closed at $17.56 yesterday, rocketing higher by 13.3% on the leak of a possible sale.
- The putative buyer has an exclusivity agreement with EverBank expiring at the end of the day on August 8.
Mon, Jul. 25, 3:40 PM
- EverBank (EVER +12.2%) began working with UBS within the last two months after receiving an unsolicited approach, according to Bloomberg.
- The Jacksonville-based lender went public in 2012, and is the largest bank in Florida by deposits, though operating mostly online (just 12 branches as of last June).
- Its two largest investors are buyout firms Sageview Capital with more than 8%, and TPG Capital with about 7%.
Mon, Jul. 25, 11:00 AM
- According to Bloomberg, EverBank (EVER +6.5%) wants in on the community bank consolidation trend, and has retained UBS to explore a sale.
Jul. 2, 2012, 8:26 AM
EverBank Financial (EVER) agrees to pay $2.51B to acquire GE Capital's (GE) Business Property Lending unit, which originates and services loans for real-estate owned or leased by small- and mid-size companies. The transaction is part of GE Capital's strategy of reducing the overall size of its property portfolio. (PR)| Jul. 2, 2012, 8:26 AM | 1 Comment