Mizuho Financial Group Inc will buy U.S. M&A advisory firm Greenhill & Co Inc for $550 million including debt, the companies said on Monday, as Japan's No. 3 lender eyes a bigger share of the world's largest investment-banking fee pool.
for $550 million including debt, the companies said on Monday, as Japan's No. 3 lender eyes a bigger share of the world's largest investment-banking fee pool.
The $15-per-share offer represents a premium of 121% to Greenhill's last closing price. Its shares had dropped nearly 40% over the 12 months till Friday's close as high interest rates weighed on dealmaking activity. Greenhill shares more than doubled to $14.68 on Monday after the announcement, but are still below their 2004 initial public offering price of $20.since its 2015 acquisition of Royal Bank of Scotland's North American corporate loan portfolio, leaving M&A advisory and equity underwriting as areas targeted for further growth.Other Japanese banks have also been expanding their foothold in the United States.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Greenhill stock more than doubles after cash deal valued at $550 million to be bought by Japan’s MizuhoShares 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...
Read more »
Texas lawmakers consider spending $1 billion for flood prevention and Galveston’s “Ike Dike”Texas lawmakers could allocate $550 million for proposed coastal barrier projects and another half a billion dollars for flood-control projects. But the potential investments are just a fraction of the estimated need for flood mitigation.
Read more »
Zelensky Arrives in Japan To Meet G7 Leaders, BidenHoping to press his case for F-16 fighter jets, Ukraine's Zelensky arrives in Japan to meet with G7 leaders, Biden.
Read more »
Ukraine's Zelenskyy arrives in Japan for G7 summit as world leaders sanction RussiaBolstering international support is a key priority as Ukraine prepares for what's seen as a major push to take back territory seized by Russia in the war that began in February last year.
Read more »
China surpasses Japan to become world's largest car exporterThis sharp rise in Chinese auto exports was primarily due to increased demand for electric vehicles and sales to Russia. Find out more at 🚀 engineering interestingengineering
Read more »
Ukraine's Zelenskyy arrives in Japan for G7 summit as world leaders sanction RussiaBolstering international support is a key priority as Ukraine prepares for what's seen as a major push to take back territory seized by Russia in the war that began in February last year.
Read more »