Comerica (CMA) Hits New All-Time High on $11-Billion Fifth Third Merger

Core Points - Comerica Inc. (NYSE:CMA) reached a new all-time high of $83.22 before closing at $80.20 following the announcement of its acquisition by Fifth Third Bancorp for $10.9 billion [1][2] - The merger will be an all-stock transaction, with CMA shareholders receiving 1.8663 shares in Fifth Third, equating to $82.88 per share, which represents a 20% premium over CMA's 10-day volume-weighted average stock price [2][3] - The combined entity is expected to become the 9th largest bank in the US, with approximately $288 billion in assets, where Fifth Third shareholders will own about 73% and Comerica shareholders will own around 27% [3] Transaction Details - The merger is anticipated to close in the first quarter of 2026, pending regulatory approvals [3] - Curtis Farmer, the chairman, president, and CEO of Comerica, will transition to the role of vice chairman in the combined company and will join the board of directors upon retirement [3]