Huntington Bancshares in plans to buy FirstMerit: WSJ

January 26, 2016 12:40 AM

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Huntington Bancshares Inc (HBAN.O) is in advanced discussions to buy Ohio-based FirstMerit Corp (FMER.O), the Wall Street Journal reported on Monday, citing sources.

The deal, which is expected to be at a premium to FirstMerit's market capitalization of about $2.67 billion, could be announced late Monday, the Journal added.

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