M&T Bank buying People’s United in $7.6 billion all-stock deal
M&T Bank Corp. is buying People’s United Financial Inc. in an all-stock deal valued at about $7.6 billion. Branches of the two regional banks are sprinkled throughout the Northeast and mid-Atlantic. People’s United shareholders will receive 0.118 of a share of M&T common stock for each share they own. People’s United shareholders will collectively own …
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