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Mergers & Acquisitions

Sterling Bancorp to buy Astoria Financial for $2.2 bln

Astoria’s shareholders will receive 0.875 Sterling shares for each share they hold. The resulting offer price of $21.92 per share represents a premium of 18.6 percent to Astoria’s Monday closing price.

Updated: March 7, 2017 — 2:56 pm

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