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Mergers & AcquisitionsSTERLING FINANCIAL CORPORATION (NASDAQ - STSA)  
M&A History<< Return to Mergers & Acquisitions
 Deal Overview
Buyer: Sterling Financial Corporation
Target: Mason-McDuffie Financial Corporation
Deal Type: Specialty Finance Company
Agreement Date7/31/2006
Announcement Date7/31/2006
Announced Deal Value ($M)2.70
StatusCompleted
Completion Date7/31/2006
Consideration Breakout
Cash ($M)1.8
Contingent Payments ($M)0.9

 Deal Pricing Ratios
 AnnouncementCompletion
Price / Book (%)NANA
Price / Earnings (x)NANA
Price / Revenue (x)NANA
Price / Net Receivables (%)NANA
Price / Managed Receivables (%)0.430.43
 Deal Terms
Description of Consideration
Sterling Financial paid $2.7 million to acquire Mason-McDuffie.
Percent Acquired (%)100.00
Purchase MethodPurchase
Merger of Equals?NA
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
 Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerNANA

 Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerNANA
SellerNANA

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