EnTie Bank to sell company to IBF Financial for $1.2 billion
Clients EnTie Commercial Bank
Jones Day advised EnTie Commercial Bank Co., Ltd. ("EnTie Bank") in its attempted acquisition by IBF Financial Holdings Co., Ltd. ("IBF"), a financial holding company also based in Taipei, for about $1.2 billion. EnTie Bank is structured to be bought by a share swap with mixed cash and share consideration. After completion of the share swap, EnTie Bank will become a wholly-owned subsidiary of IBF.