Jeremy Nobile
Crain's Akron Business - Many investors expected FirstMerit Corp. to be an acquirer, not a seller, but the company seems to have been looking for a buyer as far back as late 2014. Recent corporate filings show that FirstMerit met with three unidentified financial institutions between the last quarter of 2014 and the first quarter of 2015 to gauge interest in a merger. However, none of those suitors bit — or at least weren’t interested in paying a premium based on the company’s market price at the time.
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