Mergers & Acquisitions

Investor RelationsMergers & Acquisitions
FIRST BANCORP. (NYSE - FBP)  
M&A History<< Return to Mergers & Acquisitions
 Deal Overview
Buyer: First BanCorp.
Actual Acquirer: First BanCorp.
Target: Auto loan portfolio
Deal Type: Specialty Finance Portfolio
Seller: Cerberus Capital Management, LP
Agreement Date7/31/2008
Announcement Date7/31/2008
Announced Deal Value ($M)NA
StatusCompleted
Completion Date7/31/2008

 Deal Terms
Description of Consideration
The terms of the cash deal were not disclosed.
Percent Acquired (%)NA
Purchase MethodPurchase
Merger of Equals?NA
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA