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Dividend Aristocrat People’s United Financial (PBCT) to be acquired by M&T Bank

M&T Bank Corporation (MTB) and People’s United Financial, Inc. (PBCT) announced that they have entered into a definitive agreement under which M&T will acquire People’s United in an all-stock transaction. The merger is expected to close in 4Q21. Under the agreement terms, People’s United shareholders will receive 0.118 of a share of M&T common stock…