ISBC - Investors Bancorp: Upside Due To The Pending Merger And Rising Earnings
- Under terms of the pending merger deal, Investors Bancorp shareholders will receive 0.297 shares of CFG common stock and $1.46 in cash for each share they own.
- According to Citizens Financial Group management's estimates, the pending merger could add approximately 6.4% to Citizens Financial Group’s 2023 fully diluted EPS.
- As of September 7, 2021, Citizens Financial Group shares are actually below their stock price immediately before the deal was first announced, indicating potential upside if management unlocks synergies successfully.
- Both Investors Bancorp and Citizens Financial Group earnings per share increased in the second quarter of 2021.
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Investors Bancorp: Upside Due To The Pending Merger And Rising Earnings