Judge rejects HoldCo's challenge of Comerica-Fifth Third deal [Yahoo! Finance]
Comerica Incorporated (CMA)
Last comerica incorporated earnings: 4/21 06:34 am
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Source: Yahoo! Finance
A Delaware Court of Chancery judge has rejected a motion from activist investor HoldCo Asset Management that sought to legally block Fifth Third's acquisition of Comerica. On Jan. 14 – the day after the deal had received all necessary regulatory approvals and a Feb. 1 closing date was set – HoldCo filed an emergency motion for temporary restraining order to stall the merger's closing. Vice Chancellor Morgan T. Zurn denied HoldCo's motion Friday. “Enjoining a premium merger on the eve of closing will introduce substantial delay and uncertainty,” Zurn wrote in a Monday filing explaining her denial. “While HoldCo mourns a topping bid that never appeared, an injunction may very well deprive stockholders of Fifth Third's certain premium that they chose to accept.” In her explanation, Zurn referred to a temporary restraining order as “an extraordinary remedy” that is “not granted lightly.” HoldCo would have needed to demonstrate that the merger agreement's deal protection provision
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CMA
News
- Fifth Third finalizes purchase of Comerica: What it means for customers [Yahoo! Finance]Yahoo! Finance
- Fifth Third closes Comerica acquisition in under four months [Yahoo! Finance]Yahoo! Finance
- Fifth Third Completes Merger with Comerica to Become 9th Largest U.S. Bank [Yahoo! Finance]Yahoo! Finance
- Comerica Discrimination Case Puts DEI Governance And Merger Story Under Review [Yahoo! Finance]Yahoo! Finance
- $30M DEI Lawsuit Alleges Comerica's Program Violates Law Ahead of Fifth Third Acquisition: Fett & Fields, P.C.PR Newswire
CMA
Earnings
- 1/20/26 - Beat
CMA
Sec Filings
- 2/2/26 - Form 25-NSE
- 2/2/26 - Form S-8
- 2/2/26 - Form S-8
- CMA's page on the SEC website