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More Bank Deals This Week!

|About: People's United Financial, Inc. (PBCT), UBNK
Summary

Today PBCT buying UBNK in CT.

Banks deal really heating up this week.

No premium today.

So make sure you pay the right price before you buy any bank stock.

People's United plans to acquire United Financial for $759 million

Wallace Witkowski

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MarketWatchJuly 15, 2019

People's United Financial Inc. said late Monday it agreed to acquire United Financial Bancorp Inc. for about $759 million in stock. People's United shares declined 1.3% after hours following a 1.4% decline to finish the regular session at $16.61. United Financial shares were halted prior to the announcement following a 0.6% decline to close at $14.02. The deal values United Financial shares at $14.74, or at a 5% premium to Monday's close. People's United said it expects to close the deal in the fourth quarter.