United Bankshares to buy Cardinal Financial in $912 million deal

August 18, 2016 12:51 PM

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United Bankshares Inc (UBSI.O) said it would buy rival lender Cardinal Financial Corp (CFNL.O) in an all-stock deal worth about $912 million, strengthening its position in the Washington, D.C., metropolitan area.

United Bankshares said it will offer 0.71 shares for each share of Cardinal Financial.

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