M&A · Financials · Buyer's industry: National Commercial Banks
Valley National Bancorp to acquire Bank Leumi Le-Israel Corporation
Announced Sep 23, 2021 · Closed Apr 1, 2022 · Private target
Deal value$1.15B
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock
Transaction
- Acquirer
- Valley National Bancorp (VLY)
- Target
- Bank Leumi Le-Israel Corporation
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Apr 1, 2022
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Morgan Stanley
- To the target
- Piper Sandler
Classification
- Sector
- Financials
- Buyer's industry
- National Commercial Banks