Comerica (NYSE: CMA) delists as shares convert into Fifth Third stock
Rhea-AI Filing Summary
Comerica Incorporated is ending SEC registration of its common stock after being acquired by an affiliate of Fifth Third Bancorp. Comerica merged into Fifth Third Financial Corporation, which continues as the surviving corporation, so Comerica no longer exists as a separate public company.
At the merger’s effective time, each outstanding share of Comerica common stock, par value $5.00 per share, was converted into the right to receive 1.8663 shares of Fifth Third common stock. Following this share conversion, there are no remaining holders of record of the Comerica common stock covered by this Form 15.
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Insights
Comerica disappears as a standalone public company after its merger into a Fifth Third affiliate.
The filing confirms completion of a two-step merger in which Comerica Incorporated combined with Fifth Third Financial Corporation, an indirect subsidiary of Fifth Third Bancorp. As a result, Comerica’s common stock is no longer registered, and its former shareholders now hold Fifth Third shares instead.
Each Comerica share was converted into 1.8663 shares of Fifth Third common stock at the effective time. Fifth Third Bancorp, as sole shareholder of the surviving corporation, signs this certification, signaling that Comerica’s separate reporting obligations under Sections 13 and 15(d) have ceased and future disclosures will occur at the Fifth Third group level.