Shares of Greenhill & Co. Inc. rocketed 115.9% toward a 13-month high, enough to pace all premarket gainers on Monday, after Japan-based Mizuho Financial...
Shares of Greenhill & Co. Inc. GHL rocketed 115.9% toward a 13-month high, enough to pace all premarket gainers on Monday, after Japan-based Mizuho Financial Group MFG JP:8411 announced an agreement to buy the independent investment bank in an all-cash deal valued at $550 million, including debt. Under terms of the deal, Mizuho will pay $15 for each Greenhill share outstanding, which represents a 121.2% premium to Friday’s closing price of $6.78.
9% toward a 13-month high, enough to pace all premarket gainers on Monday, after Japan-based Mizuho Financial Group MFG 8411 announced an agreement to buy the independent investment bank in an all-cash deal valued at $550 million, including debt. Under terms of the deal, Mizuho will pay $15 for each Greenhill share outstanding, which represents a 121.2% premium to Friday’s closing price of $6.78. The purchase price implies a market capitalization for Greenhill of $274.8 million.
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