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U.S. Bank to buy BTIG for $1B to bolster capital-markets business
Yahoo Finance· 2026-01-13 11:57
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. U.S. Bank will acquire financial services firm BTIG in a deal worth up to $1 billion that’s set to close by the second quarter of 2026, the Minneapolis-based lender announced Tuesday. The $1 billion figure accounts for a target purchase price of $725 million – split evenly between $362.5 million in cash and slightly more than 6.6 million shares of common stock. The ...