Mizuho To Acquire Premier M&A Advisory Firm Greenhill For a Purchase Price Of $15/Share, Reflecting An Enterprise Value Of ~$550M
Portfolio Pulse from Benzinga Newsdesk
Mizuho Financial Group (NYSE:MFG) is set to acquire M&A advisory firm Greenhill & Co. (NYSE:GHL) for $15 per share in an all-cash transaction, valuing the deal at approximately $550 million. The acquisition will accelerate Mizuho's investment banking growth strategy and expand its capabilities.
May 22, 2023 | 12:02 pm
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POSITIVE IMPACT
Greenhill shareholders will receive $15 per share in cash as part of the acquisition by Mizuho, valuing the deal at approximately $550 million.
The acquisition price of $15 per share represents a premium for Greenhill shareholders, which is likely to have a positive impact on the stock price. Additionally, the acquisition by Mizuho will provide Greenhill with access to a larger client base and a broader range of financial products, potentially leading to increased revenues and a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Mizuho's acquisition of Greenhill will accelerate its investment banking growth strategy and expand its capabilities.
The acquisition of Greenhill will help Mizuho accelerate its investment banking growth strategy by leveraging Greenhill's expertise in M&A and restructuring advisory services. This will expand Mizuho's capabilities and potentially attract more clients, leading to increased revenues and a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100