WaFd, Inc. Enters into a $3.9 Billion Reverse Merger Transaction with EverBank Financial Corp
WaFd, Inc. has entered into a $3.9 billion reverse merger with EverBank Financial Corp. EverBank merges into WaFd, which will then be renamed EverBank Financial Corp and trade on Nasdaq under the new ticker EVBK, with EverBank designated as the accounting acquirer. EverBank investors — including Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street, Bayview Asset Management and TIAA — will collectively own approximately 59.2% of the pro forma company, while WaFd shareholders retain approximately 40.8%.
Key figures
- Deal Value Usd
- 3900000000
- New ticker
- EVBK
- Tbv earnback
- under two years
- Expected close
- early 2027
- Rotce pro forma
- approximately 15%
- Eps accretion 2027
- approximately 29%
- Combined board seats
- 13
- Wafd shareholders ownership
- approximately 40.8%
- Everbank investors ownership
- approximately 59.2%
AI analysis
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