EverBank Financial Corp Announces Stockholder Approval of Merger
- M&A Deals
- 10.11.2016 06:30 am
EverBank Financial Corp announced today that the Company’s stockholders voted to approve its acquisition by Teachers Insurance and Annuity Association of America (TIAA) at a special stockholder meeting held in Jacksonville, FL today. Out of the votes cast at the meeting, 99.8% were in favor of the acquisition.
TIAA announced an agreement to acquire EverBank for $19.50 per share of common stock in cash pursuant to an agreement and plan of merger, dated August 7, 2016. Acquisition closing is still subject to customary regulatory approval and is expected to occur in the first half of 2017.