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U.S. Bank to Acquire BTIG for up to $1B in Return to Investment Banking
U.S. Bancorp will pay up to $1 billion in cash and stock to acquire BTIG, adding capital markets and M&A advisory capabilities to serve corporate and institutional clients.
- On Jan. 13, Minneapolis-based U.S. Bancorp announced plans to buy BTIG for up to $1 billion after U.S. Bank executives signed the agreement on Jan. 12.
- Following more than a decade of work between the firms, U.S. Bank has viewed the deal as a way to fill product gaps for corporate and institutional clients, extending access to capital markets, equity sales and trading, and mergers and acquisitions advisory, Stephen Philipson said.
- The purchase terms show consideration includes $362.5 million in cash, more than 6.6 million shares at closing, and up to $275 million in performance-based cash payable over three years.
- U.S. Bank counts as customers more than 90% of Fortune 1000 businesses, said the tie-up would have negligible impact on 2026 earnings per share, and U.S. Bank stock fell about 1% midday.
- The move echoes a recent trend of major American lenders using billion-dollar acquisitions to bolster capabilities, as U.S. Bank's capital markets business generated roughly $1.4 billion in recent months, with a 1% growth rate, analysts said.
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US Bank buys investment firm BTIG in deal worth up to $1B
Minneapolis-based U.S. Bancorp announced Jan. 13 that it plans to buy investment banking firm BTIG for up to $1 billion in a strategic move meant to expand client services. U.S. Bank counts as customers more than 90% of Fortune 1000 businesses, ...
US Bancorp snaps up BTIG - Global Trading
US Bancorp is set to acquire trading, research and prime brokerage firm BTIG for up to US$1 billion. The transaction is expected to close in Q2 2026, with US Bancorp targeting a US$725 million acquisition made up of US$362.5 million in cash and 6,600,594 shares of common stock. A further US$275 million in cash may be paid over the next three years if defined performance targets are met. The transaction is expected to reduce US Bancorp’s common e…
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Leaning Left1Leaning Right2Center2Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
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