The Value Added By Bank Acquisitions: Lessons From Wells Fargo'S Acquisition Of First Interstate
Wells Fargo's recent acquisition of First Interstate Bancorp represents one of the relatively uncommon cases in which the economic values of both the acquiring and acquired banks increased sharply upon announcement of the deal. The transaction is also one of the few cases where the bidder in a major bank acquisition chose purchase instead of pooling accounting-despite the fact that the deal was openly hostile and that Wells Fargo had to fight off a competing bid from First Bank Systems. 1996 Morgan Stanley.
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Volume (Year): 9 (1996)
Issue (Month): 2 ()
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