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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Macquarie Group Limited | ASX:MQG | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.40 | -0.74% | 186.60 | 186.26 | 186.50 | 186.66 | 184.40 | 185.00 | 545,708 | 09:50:00 |
From Apr 2019 to Apr 2024
By Angela Chen
Regional bank Huntington Bancshares Inc. (HBAN) on Tuesday said it agreed to buy Macquarie Equipment Finance Inc. to expand its technology offerings and presence in Michigan.
Financial terms of the deal weren't disclosed.
Bloomfield Hills, Mich.-based Macquarie Equipment Finance, a provider of specialized technology financing, is part of Australia's Macquarie Group Ltd. (MQG.AU).
Huntington said it will acquire about $900 million of assets and $630 million of debt and other liabilities. The deal should add to Huntington's earnings in the first year, the company said. It will also add 165 jobs.
The purchase is Columbus, Ohio-based Huntington's latest investment in Michigan. Huntington in September completed a 24-branch acquisition from Bank of America Corp. (BAC).
The deal is expected to close by March 31.
Write to Angela Chen at angela.chen@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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