New York Community Bancorp, Flagstar announces $2.6 billion merger deal

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.