In July 2016, the leadership of BMT, a British multinational financial services company based in London, and Gold & Sheeran Group, an investment bank also based in England, agreed to a merger. BMT merged with Gold & Sheeran through an exchange of stocks, facilitated by offering a 21.6% premium to Gold & Sheerans existing shareholders. BMT paid 3.6 billion (in the form of its own stock) for all Gold & Sheerans stock (this includes the premium). This was valued at 5.23 per stock, a pre-merger value agreed on by both parties. After the merger, BMT and Gold & Sheeran's shareholders were left with 50.5% and 49.5% stakes in the combined company, respectively BMT plc Gold & Sheeran Acquisition premium received Split of value creation (50.5 BMT, 49.5 G&S) Total Synergy % for Gold & Sheeran

	BMT plc	Gold & Sheeran
Acquisition premium received
Split of value creation (50.5 BMT, 49.5 G&S)
Total
Synergy % for Gold & Sheeran