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Contract Type
agreement
Description
Atlantic Union Bankshares Corporation and Sandy Spring Bancorp have entered into a definitive merger agreement for Atlantic Union to acquire Sandy Spring in an all-stock transaction valued at approximately $1.6 billion. The combined company will create the largest regional bank headquartered in the lower Mid-Atlantic and significantly enhance the combined company’s presence in Northern Virginia and Maryland.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months