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Source: MPA — 

New York Community Bancorp (NYCB) said Monday that it is acquiring Flagstar in an all-stock merger deal.

In a statement, the firms announced that they have reached a definitive merger agreement valued at approximately $2.6 billion. Flagstar shareholders will get 4.0151 shares of New York Community common stock for each Flagstar share they own as part of the deal.

Booking.com

 

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