Japan's Mizuho to expand in US banking with $550 million Greenhill deal

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Japan's Mizuho to expand in US banking with $550 million Greenhill deal
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:Mizuho Financial Group Inc will acquire U.S. M&A advisory firm Greenhill & Co Inc, as Japan's No. 3 lender accelerates its push for a larger share of the world's largest investment banking fee pool.Mizuho will pay $15 per share for Greenhill in cash, reflecting an enterprise value of about $550 million inclu

:Mizuho Financial Group Inc will acquire U.S. M&A advisory firm Greenhill & Co Inc, as Japan's No. 3 lender accelerates its push for a larger share of the world's largest investment banking fee pool.

The announcement prompted Greenhill shares to more than double to $14.68 in the early hours of trading. The Greenhill business will sit within Mizuho's banking division, led by Michal Katz, head of banking in the Americas, the statement said.

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