Dec 16, 02:15 PM

Berkshire Hills Bancorp and Brookline Bancorp in $1.1 Billion Merger Talks, Valuing Brookline at $12.68 per Share

Berkshire Hills Bancorp and Brookline Bancorp, both based in Boston, are reportedly in discussions to merge in a deal valued at approximately $1.1 billion. The merger is characterized as a 'merger of equals,' with Brookline set to merge into Berkshire Hills in an all-stock transaction. The deal values Brookline's common stock at $12.68 per share. This merger aims to create a premier banking franchise in the Northeast. Additionally, concerns have been raised regarding whether Brookline Bancorp is securing a fair price for its shareholders, prompting an investigation by Ademi LLP.

#Berkshire Hills Bancorp #Brookline Bancorp #Boston #Brookline #Berkshire Hills #Northeast #Ademi LLP

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Berkshire Hills Bancorp and Brookline Bancorp in $1.1 Billion Merger Talks, Valuing Brookline at $12.68 per Share

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