HoldCo Urges Comerica Shareholders to Reject Fifth Third Merger

Reuters12-15
HoldCo Urges Comerica Shareholders to Reject Fifth Third Merger

HoldCo Asset Management has released a presentation to Comerica Inc. shareholders providing an update on its ongoing litigation opposing the proposed merger between Comerica Inc. and Fifth Third. The presentation argues that the merger process was unusually rushed, with Comerica's CEO serving as the primary negotiator shortly after reports of a potential board election contest. HoldCo notes that the agreed price falls at the low end of Fifth Third's initial offer range, despite interest from at least one other large bank and without a comprehensive market check. The firm highlights that, unlike other recent large-bank mergers, the deal is structured in a way that is particularly advantageous for Fifth Third, citing an absence of dilution for Fifth Third shareholders. The special meeting for Comerica shareholders to vote on the proposed transaction is scheduled for January 6, 2026.

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