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Commerce Bancorp, Inc. Acquisition History

Buyer: Commerce Bancorp, Inc., Cherry Hill, NJ
Seller: A.H. Williams Inc., Philadelphia, PA

 
Transaction Summary
Commerce Bancorp Inc., Cherry Hill, PA has acquired A.H. Williams Inc., Philadelphia, PA. A.H. Williams is a public finance investments firm. A.H. Williams will be combined with its Commerce Capital public finance unit, which will have headquarters in Philadelphia. The transaction closed on March 27, 1998. The acquisition was completed by the issuance of common stock of the Company totaling approximately 415,000 shares.
 
Transaction Data
Announcement Date 11/04/97   Completion Date 03/27/98
Type of Asset Sold Invest Advisory/Mgmt Srvcs   Transaction Status Completed
Asset Desc. Public Finance Investments   Transaction Revised? No
Accounting Type Pooling   Revision Date N/A
Total Purchase Price ($000) 16,839   Assets Sold/Purchased ($000) N/A
Consideration Type Common Stock   Payment in: Cash ($000) 0
Goodwill ($000) N/A   Payment in: Common Stock ($000) 16,839
Premium or Discount Paid ($000) N/A   Payment in: Debt ($000) 0
Premium/Assets Sold (%) N/A   Payment in: Convertible Debt ($000) 0
Price/Assets Sold (%) N/A   Payment in: Pref Stock ($000) 0
Actual Buyer of Assets Commerce Capital   Payment in: Other Consider ($000) 0
Earnout Consideration value ($000) N/A   Actual Seller of Assets A.H. Williams Inc.
 
Transaction Advisers
Financial Advisers: N/A N/A
Legal Advisers: Blank Rome Comisky & McCauley yes
Financial Advisers: N/A N/A
Legal Advisers: N/A N/A
 
Data Provided by Highline Financial LLC.