Susquehanna Bancshares Inc (SUSQ)

[56Chevy]

I'm sure BB&T thinks so nathan2123...so much so they paid > 30% premium to get it.

Before the deal:

At a $10 market value SUSQ was selling at 1.48x Price / Book....and Price / Earnings was 20.5x.

This is one of the first big bank deals we've seen for quite a while.

The cash and stock transaction would merge Susquehanna’s $18.6 billion in assets, $13.6 billion in deposits and 245 banking offices with BB&T’s $187 billion in assets and 1,842 financial centers in 12 states and Washington, D.C.

The acquisition would be the second-largest bank deal in approximately two years, behind CIT CIT, +0.60% and One West, according to analysts at Evercore in a research note.


Does this set the bar on what it takes to do a deal of this size? We'll see...

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Marker:
Susquehanna Bancshar (SUSQ)
$13.08 up 3.18 (32.12%)
Volume: 22,362,816