Huntington, FirstMerit Shareholders Approve Merger

(RTTNews) - FirstMerit Corp. (FMER) and Huntington Bancshares Inc. (HBAN) announced that each company's shareholders have approved the proposed merger of FirstMerit into Huntington during special meetings held today in Akron by FirstMerit and in Columbus by Huntington.

Huntington and FirstMerit currently anticipate completing the merger within the third quarter following receipt of regulatory approval and satisfaction of customary closing conditions.

In January 2016, Huntington Bancshares announced that it agreed to buy FirstMerit, in a stock and cash transaction. Shareholders of FirstMerit Corp. will receive 1.72 shares of Huntington common stock, and $5.00 in cash, for each share of FirstMerit common stock.