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Comerica |
: |
Sterling Bancshares |
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Dealogic Deal # : |
725930 |
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Data as of : |
1/18/2011 |
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Target |
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Acquiror |
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Dates & Values |
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Sterling
Bancshares |
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Comerica |
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Target: |
100 |
% stake |
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Buying: |
100 |
% stake |
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Rumored |
- |
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Deal Value $m |
1,027.9 |
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NS |
SBIB |
102 |
m shares outstanding |
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Public (Listed) |
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Announced |
18th Jan 2011 |
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Value ex Debt $m |
1,027.9 |
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United States |
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United States |
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Finance |
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Finance |
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Expected |
2Q 2011 |
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Consideration |
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Morgan Stanley | Advisor |
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Sandler O'Neill |
Advisor |
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Completed |
- |
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DLA Piper | Attorney |
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Wachtell, Lipton |
Attorney |
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Locke Lord Bissell |
Attorney |
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Withdrawn |
- |
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Termination Fee, Target $m |
tbd |
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Termination Fee, Acquiror $m |
tbd |
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Financials |
30th Sep 2010 |
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Balance Sheet |
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Debt/Equity: |
7.1 |
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Timeline Events |
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Premiums & Multiples |
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Initial Offer |
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$9.99 |
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Current Offer |
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$9.99 |
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Income Statement |
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Cash Flows |
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Operations $m |
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46 |
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Profitability |
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Profit Margin |
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1% |
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Return on Equity |
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0% |
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League Table Impact |
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Sector Trend |
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2010 YTD Announced Global M&A by Deal
Value, $bn |
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Monthly Announced Global M&A, $bn: |
Finance |
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1 |
Barclays Capital |
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57.2 |
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2 |
JPMorgan |
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47.6 |
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3 |
Goldman Sachs |
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42.6 |
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4 |
BOA Merrill Lynch |
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37.4 |
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5 |
Lazard |
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26.2 |
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6 |
Citi |
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20.6 |
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7 |
RBS |
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20.0 |
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8 |
UBS |
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19.9 |
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9 |
Credit Suisse |
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19.6 |
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10 |
UniCredit |
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18.3 |
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12 |
Morgan Stanley |
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13.8 |
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35 |
Sandler O'Neill |
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1.0 |
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© 2010 Dealogic.
All rights reserved. |
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