Law360, New York (May 09, 2012, 2:06 PM ET) -- Dallas-based Hilltop Holdings Inc. has bought up PlainsCapital Corp., a holding company for several banks and financial firms, in a $520 million cash and stock deal that is a major piece of its acquisition-focused expansion plans, Hilltop said Tuesday.
Per the merger agreement, Hilltop is serving up $318 million in cash and 27.5 million shares of its common stock, which are priced at $7.96 per share and also come with the right for PlainsCapital shareholders to receive an additional $9 in cash per share, the companies...
Wachtell Helps Hilltop With $520M PlainsCapital Buy
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