Huntington Bancshares to Acquire Unizan

Summary


COLUMBUS, Ohio - Huntington Bancshares Inc., a $30 billion regional bank holding company, said Tuesday it is acquiring Unizan Financial Corp. in a stock deal the two companies value at $587 million.

Shareholders of Unizan, a $2.7 billion financial services company based in Canton, can expect to receive $26.39 per Unizan share, a 15 percent premium over the closing price Monday of $22.95.

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Huntington Bancshares to Acquire Unizan

In trading, Unizan shares rose $2.40, or 10 percent, to close at $25.35 on the Nasdaq stock market.

Huntin...

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