New York Community Bancorp To Buy Flagstar In $2.6B Deal: 'Business And Cultural Integration Will Be Critical'

Flagstar Bancorp Inc (NYSE:FBC) shares gained 8% on Monday after the company announced an acquisition deal. What Happened? On Monday, Flagstar announced it's being acquired by New York Community Bancorp, Inc. (NYSE:NYCB) in a stock deal valued at $2.6 billion. Flagstar shareholders will receive 4.0151 shares of New York Community...