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United Bankshares $912 million acquisition of Cardinal Financial

18/8/2016
Public acquisition
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$ 912 million

Announced

18/8/2016

Overview:

  • United Bankshares has acquired Cardinal Financial in a $912 million deal.
  • The purchase strengthens United's existing presence in the greater Washington, DC area.
  • The deal is expected to close by mid-2017.
  • Bowles Rice advised United.
  • LeClairRyan advised Cardinal.

Kurt Stumpo - Journalist - North America and the Caribbean

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Banking

Firms:
Bowles Rice

Party: United Bankshares (Acquirer)

LeClairRyan

Party: Cardinal Financial (Target)

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