Huntington Bancshares to buy Detroit-based TCF National Bank in $6 billion stock deal

Huntington Bancshares of Columbus is buying the Detroit-based parent of TCF National Bank in all-stock, $6 billion deal that will extend Huntington’s footprint into new markets as far west as Colorado.

a large tower in a city: Huntington Bancshares of Columbus is acquiring TCF National Bank, based in Detroit.

© Dispatch file photo
Huntington Bancshares of Columbus is acquiring TCF National Bank, based in Detroit.

The acquisition announced Sunday night will be the biggest in Huntington’s 154-year-old history and nearly twice the size of Huntington’s last big acquisition, the $3.4 billion purchase of Akron-based FirstMerit in 2016.

With a market value of $13.1 billion, Huntington is more than twice the size of TCF, which had a market capitalization of $5.4 billion as of Friday. The deal calls for TCF Financial shareholders to get about three Huntington shares for each of their TCF shares, worth about $38.83 for each of their TCF shares, which closed at $34.78 on Friday.

a man wearing a suit and tie: Huntington Bancshares CEO and Chairman Steve Steinour

© Huntington Bancshares
Huntington Bancshares CEO and Chairman Steve

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Are These The Best Green Hydrogen Stocks To Buy This Week? 3 Names To Watch

Do You Have These 3 Top Green Hydrogen Stocks On Your Watchlist This Week?

Green hydrogen stocks have been a buzz word trending in the stock market in recent months. Investors have started to shift their attention to renewable energy. Though most of the attention in the stock market this year has been on electric vehicles (EV) stocks and solar energy stocks, green hydrogen stocks have also started to gain more attention among investors. Top hydrogen stocks like Plug Power (PLUG Stock Report) and Cummins (CMI Stock Report) have delivered big gains to investors this year.

A report from AleaSoft reported  that the “Hydrogen will be the fuel of the future and step by step it will replace all current fossil fuels” may have a substantial basis. According to a report published by the International Energy Agency, the demand for hydrogen has tripled since 1975.

Under a Biden / Harris

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AstraZeneca To Snap Up Alexion For $39B, Analysts Stick To Buy

AstraZeneca announced that it has agreed to acquire US drugmaker Alexion Pharmaceuticals in a cash and stock deal worth $39 billion. The Britain-based pharmaceutical company said that the buyout will help expand its presence in the rare disease and immunology drug market.

AstraZeneca (AZN) CEO Pascal Soriot stated, “Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. This acquisition allows us to enhance our presence in immunology. We look forward to welcoming our new colleagues at Alexion so that we can together build on our combined expertise in immunology and precision medicines to drive innovation that delivers life-changing medicines for more patients.”

AstraZeneca will pay $60 in cash and 2.1243 AstraZeneca American Depositary Shares for each Alexion (ALXN) share held. The transaction is likely to complete during the third-quarter of 2021, following which, Alexion shareholders will

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AstraZeneca to buy Boston biotech Alexion for $39 billion in rare-disease push

(Bloomberg) — AstraZeneca Plc agreed to buy Alexion Pharmaceuticals Inc. for $39 billion in cash and shares, adding a specialist in treatments for rare diseases and immunology to its portfolio of medications for cancer and other illnesses.

The offer values Alexion at $175 a share, a 45 percent premium to the closing price on Friday. It would be the largest deal for AstraZeneca since it was founded in a combination of British and Swedish drugmakers in 1999.

Acquiring Alexion would bolster AstraZeneca in areas such as the treatment of blood disorders, building on Chief Executive Officer Pascal Soriot’s turnaround. Since taking over in 2012 he has pushed the U.K. drugmaker further into lucrative areas such as oncology. AstraZeneca, along with the University of Oxford, has also developed a Covid-19 vaccine that’s shown effectiveness in large trials, despite questions around the study results.

The deal would give AstraZeneca another toehold in

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AstraZeneca Agrees To Buy Alexion Pharma In $39 Bln Cash And Stock Deal

(RTTNews) – British drug major AstraZeneca Plc. (AZN.L, AZN) agreed to buy Alexion Pharmaceuticals Inc. (ALXN) for $175 per share in cash and stock, valuing the Boston-based company at $39 billion.

The deal comes amid AstraZeneca is in late-stage development of a COVID-19 vaccine in partnership with the University of Oxford.

The cash and ADS consideration represents an 45% premium to Alexion shareholders based on the closing stock price of Alexion on 11 December 2020.

AstraZeneca said said that the acquisition allows it to enhance its presence in immunology.

As per the terms of the deal, Alexion shareholders will receive $60 in cash and 2.1243 AstraZeneca American Depositary Shares or ADSs for each Alexion share.

The boards of directors of both companies have approved the acquisition. The acquisition is expected to close in third-quarter of 2021. Alexion shareholders will own about15% of the combined company.

AstraZeneca expects the combined company

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If You Buy Media In Programmatic Channels, Read This Before 2021

I’ve been doing digital marketing for over 25 years and publishing data on ad fraud for over 8 years. But Q4 of this year is the first time I have felt that marketers are actually taking a closer look at digital ad fraud and suboptimal digital marketing. All of this starts with challenging assumptions and the status quo. Prior to the coronavirus pandemic when everything was running normally, no one wanted to step out of line and “rock the boat.” But said boat has already been rocked, and many marketers paused digital spending earlier in 2020, for a few months. This gave them the opportunity to observe what their digital ad spending was actually doing for their bottom line. These insights are new to them, because marketers rarely take the initiative to run their own “pause digital ad spend” experiments.

Over the years, we’ve only seen three such experiments

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Retailers urge shoppers to buy early amid shipping crunch

NEW YORK (AP) — A number of retailers, including J.C. Penney, Lowe’s and Kohl’s, are telling shoppers they need to place their online orders soon or else pay expedited shipping fees if they want to get their packages delivered in time for the holidays.

The earlier-than-usual deadlines come as more people turn to online shopping during the pandemic, creating a logjam for shipping companies as well as delivery delays. For some retailers, like H&M and Lego, the deadlines have passed.

Jason Goldberg, chief commerce strategy officer at Publicis Communications, part of Publicis Groupe SA, estimates that a majority of retailers have pushed up deadlines by at least a day or two, and about a quarter by at least a week. Meanwhile, behemoths like Walmart, Target and Best Buy haven’t had to make big changes because they’ve already transformed their stores into shipping hubs for online orders. That makes them less

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Best Buy wants 1 in 3 new corporate hires to be people of color

Best Buy plans to fill a third of its corporate jobs with people of color over the next five years, joining a short but growing list of companies that also have diversity hiring goals pegged to 2025. 

Best Buy also wants to hire women to fill one third of its full-time, store-based positions. The hiring plan is part of a larger $44 million diversity push that the electronics chain shared Wednesday. Adidas, Facebook, Google, Starbucks, Microsoft and Wells Fargo have unveiled similar diversity targets.

The Black Lives Matter protests earlier this year have pushed companies such as Nike and Twitter to publicly denounce systemic racism. Major companies have also vowed to hire more people of color and become more inclusive workplaces.

Best Buy committed to its diversity hiring goal because “we know it’s incredibly important to our employees, customers and communities to show that we are committed to doing all

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