Comment on FirstMerit sale to Huntington, a big payday to shareholders, may pay off big for executives, too

FirstMerit sale to Huntington, a big payday to shareholders, may pay off big for executives, too

Huntington Bancshares’ pending deal to buy FirstMerit Corp. boosted shareholder wealth in the Akron banking company by hundreds of millions of dollars.And the sale may mean FirstMerit’s top executives will get golden paydays worth tens of millions of dollars as well.The stock value, also known as the market cap, of FirstMerit was up about $630 million by the end of the week.

 

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