Fifth Third ($FITB) completed its acquisition of Comerica ($CMA) — Comerica and Comerica Holdings merged…
Filed with the SEC on · Summarized by InvestorsBot
Fifth Third ($FITB) completed its acquisition of Comerica ($CMA) — Comerica and Comerica Holdings merged into Fifth Third Intermediary; Comerica Bank & Comerica Bank & Trust merged into Fifth Third Bank. 8-K filed 2026-02-02. 🏦 #Mergers #Banking
At closing, each Comerica common share converted into 1.8663 shares of Fifth Third; fractional shares will be cashed out. Comerica’s 6.875% Series B preferred converted into a new Fifth Third preferred with terms “not materially less favorable.” $FITB 🔁 #M&A #Investing
Comerica equity awards converted into corresponding Fifth Third awards (options, RSUs, deferred units adjusted by 1.8663). PSUs deemed earned at the greater of target or actual through the latest practicable date; director RSUs vested + cash for accrued dividends. $FITB 🧾 #Compensation #Investors