Financial Services Merger of Equals and Strategic Mergers: Striking a Difficult Balance
As 2025 begins, optimism abounds for a return to a normal regulatory environment that, together with improved economic and business conditions, leads to robust bank and other financial services M&A activity. Merger of equals or “MOE” transactions have been common in financial services historically and were prevalent during the first Trump Administration, as exemplified by […]
Posted by Edward Herlihy and Brandon Price, Wachtell, Lipton, Rosen & Katz, on Wednesday, January 8, 2025
Editor's Note:
Edward Herlihy is Co-chairman of the Executive Committee and a Partner, and Brandon Price is a Partner at Wachtell, Lipton, Rosen & Katz. This post is based on their Wachtell Lipton memorandum.
As 2025 begins, optimism abounds for a return to a normal regulatory environment that, together with improved economic and business conditions, leads to robust bank and other financial services M&A activity. Merger of equals or “MOE” transactions have been common in financial services historically and were prevalent during the first Trump Administration, as exemplified by the $28.3 billion merger of BB&T and SunTrust creating Truist and the $21.5 billion merger of Global Payments and TSYS.
