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EverBank to combine with WaFd in $3.9 billion reverse merger

Source: reuters.com

M&A & RestructuringBanking & Liquidity
EverBank to combine with WaFd in $3.9 billion reverse merger

EverBank Financial agreed to acquire Pacific Northwest lender WaFd in a $3.9 billion reverse-merger transaction. The deal represents a material consolidation event for the regional banking sector and is likely to affect the companies' shares, though broader market implications should be limited.

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WAFD0.65

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