Jacksonville’s EverBank Financial Corp. announced Monday it agreed to sell the company to TIAA.
TIAA, headquarted in New York City, announced the agreement to acquire EverBank (NYSE: EVER), a nationwide consumer and commercial bank with $27.4 billion in total assets. Under the terms of the agreement, EverBank stockholders will receive $19.50 per share in cash, or an approximate total of $2.5 billion when the deal closes.
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