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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (60404)	4/26/2021 8:41:45 AM
From: E_K_S	Read Replies (2) \| Respond to of 78717

New York Community Bancorp, Inc. To Acquire Flagstar Bancorp, Inc. In An All Stock Strategic Merger April 26 (Reuters) - New York Community Bancorp Inc NYCB : * NEW YORK COMMUNITY BANCORP, INC. TO ACQUIRE FLAGSTAR BANCORP, INC. IN AN ALL STOCK STRATEGIC MERGER * NEW YORK COMMUNITY BANCORP INC - DEAL FOR IMPLIED TOTAL TRANSACTION VALUE OF APPROXIMATELY $2.6 BILLION * NEW YORK COMMUNITY BANCORP - UNDER DEAL, FLAGSTAR SHAREHOLDERS WILL RECEIVE 4.0151 SHARES OF CO'S COMMON STOCK FOR EACH FLAGSTAR SHARE THEY OWN * NEW YORK COMMUNITY BANCORP INC - FOLLOWING COMPLETION, NEW YORK COMMUNITY SHAREHOLDERS EXPECTED TO COLLECTIVELY REPRESENT ABOUT 68% OF COMBINED CO * NEW YORK COMMUNITY BANCORP - NEW YORK COMMUNITY SHARES ISSUED TO FLAGSTAR SHAREHOLDERS IN MERGER ARE EXPECTED TO REPRESENT ABOUT 32% OF COMBINED CO * NEW YORK COMMUNITY BANCORP INC - TRANSACTION IS EXPECTED TO BE 16% ACCRETIVE TO NYCB'S EARNINGS PER SHARE IN 2022 * NEW YORK COMMUNITY BANCORP INC - TRANSACTION ALSO EXPECTED TO BE 3.5% ACCRETIVE TO NYCB'S TANGIBLE BOOK VALUE PER SHARE * NEW YORK COMMUNITY BANCORP INC - NEW CO WILL HAVE ITS HEADQUARTERS ON LONG ISLAND, N.Y. * NEW YORK COMMUNITY BANCORP INC - COMBINED COMPANY WILL MAINTAIN FLAGSTAR BANK BRAND IN MIDWEST * NEW YORK COMMUNITY BANCORP INC - FLAGSTAR'S MORTGAGE DIVISION WILL ALSO MAINTAIN FLAGSTAR BRAND ----------------------------------------------------------------- I still own NYCB from shares I bought in 2004. Been a loser but I did not add and/or sell. NYCB is the only bank I own so that's a positive for the portfolio. FWIW, started a position in RTX in 9/2020 when it was tossed out of the DOW. They increased their dividend today and now +40% in just 7 months.