First Niagara Financial (FNFG -5.9%) will acquire NewAlliance Bancshares (NAL +12.7%) in a...

|About: First Niagara Financial Gro... (FNFG)|By:, SA News Editor

First Niagara Financial (FNFG -5.9%) will acquire NewAlliance Bancshares (NAL +12.7%) in a cash-and-stock deal valued at $1.5B, or $14.09/share, a 24% premium to Wednesday's closing price. The deal will give the Buffalo-based bank a foothold in New England. (PR)