Reviews

2014 Review of Online Brokers
Investors Business Daily
Top 20 Baby Boomer Sites
«  
  »
Bookmark and Share

Umpqua To Buy Regional Bank Sterling Financial For $2 Billion

By Warren Paige

Umpqua Holdings Corp. (NASDAQ: UMPQ) has agreed to acquire regional bank Sterling Financial Corp. (NASDAQ: STSA) in a cash-and-stock deal valued at $2 billion. The announcement was made after the market close on Wednesday. Under the merger agreement, shareholders of Sterling Financial will receive 1.671 share and $2.18 in cash for each common share held. This translates to about $30.52. Sterling Financial closed at $16.96 on Wednesday. After the merger, combined assets will worth $22 billion. Besides, Umpqua will have $16 billion in deposits and $15 billion in loans.

September 12th, 2013 | Tags: , | Category: Large Cap Growth Stocks

Enter your email address and receive this feed daily:

Delivered daily by FeedBurner

------------------------------------------------------------------------------------------------------------------------
All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

No comments


Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


-------------------------------------------------------------------------------------------------------------------------
All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.