Fla.'s EverBank In Tie-Up With Lease Firm Tygris

Law360, New York (October 22, 2009, 5:46 PM EDT) -- EverBank Financial Corp., a privately held financial services firm, said Thursday it would acquire the leasing firm Tygris Commercial Finance Group Inc. in a stock-for-stock deal the bank said would ultimately boost its capital by $535 million.

The companies said Thursday the stock-for-stock acquisition would increase EverBank’s capital base by approximately $470 million, and is expected to have a positive impact on the bank's earnings.

The acquisition agreement includes a $65 million preacquisition cash investment by Tygris into EverBank designed to provide EverBank with growth capital...
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