Wachtell, Davis Polk Guide $6B Bank Merger

Law360 (January 27, 2020, 10:00 AM EST) -- South State Corp., led by Wachtell, and CenterState Bank Corp., advised by Davis Polk, unveiled plans Monday for a $6 billion merger aimed at creating a top Southeastern regional bank. 

The all-stock deal calls for the parent companies to combine in a so-called merger of equals in order to unite South Carolina-based South State Bank and Florida-based CenterState Bank, according to a joint statement. 

The terms of the deal will see each CenterState share exchanged for 0.3001 of a share of South State common stock, the banks said. CenterState shareholders will own about 53% of the combined company, while South State...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!