Your email has been successfully added to our mailing list.

×
-0.000772030440057276 -0.000882320502922668 -0.000551450314326648 -0.00121319069151869 -0.000772030440057276 -0.0011029006286533 0.00231609132017214 0.000441160251461412
Stock impact report

Fed approves Fifth Third-Comerica deal [Yahoo! Finance]

Comerica Incorporated (CMA) 
Last comerica incorporated earnings: 4/21 06:34 am Check Earnings Report
US:NYSE Investor Relations: investor.comerica.com
Company Research Source: Yahoo! Finance
The Federal Reserve on Tuesday approved Fifth Third's application to acquire Comerica, marking the last regulatory green light needed for 2025's largest proposed banking deal to close. The approval came despite an intense campaign by activist investor HoldCo Asset Management, which goaded Comerica into selling – then sued the bank after it did, because the investor argued Comerica could have gotten a better deal. The Fed received 12 adverse comments on the deal from two entities – one of which is presumably HoldCo. The adverse commenters asked the Fed to hold hearings regarding HoldCo's lawsuit against both banks, the central bank said Tuesday. The suit alleges the Fifth Third deal involves breaches of fiduciary duty by Comerica's board. Among other matters, HoldCo argued Comerica turned down one suitor – reported to be Regions – and accepted Fifth Third's conditions in just 17 days The commenters also requested the Fed extend the comment period on the acquisition so the cent Show less Read more
Impact Snapshot
Event Time:
CMA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for CMA alerts
Opt-in for
CMA alerts

from News Quantified
Opt-in for
CMA alerts

from News Quantified