Business News • MarketWire • Huntington Bancshares to Strengthen Midwest Franchise With Financially and Strategically Accretive Merger With FirstMerit Corporation

Huntington Bancshares to Strengthen Midwest Franchise With Financially and Strategically Accretive Merger With FirstMerit Corporation

Huntington Bancshares to Strengthen Midwest Franchise With Financially and Strategically Accretive Merger With FirstMerit Corporation

COLUMBUS, OH and AKRON, OH--(Marketwired - January 26, 2016) - Huntington Bancshares Incorporated (NASDAQ: HBAN) (www.huntington.com) and FirstMerit Corporation (NASDAQ: FMER) (www.firstmerit.com) jointly announced today the signing of a definitive merger agreement under which Ohio-based FirstMerit Corporation, the parent company of FirstMerit Bank, will merge into Huntington in a stock and cash transaction. Based on the closing price of Huntington's common shares on January 25, 2016 of $8.80, the total transaction value is approximately $3.4 billion, including outstanding options and other equity-linked securities.

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