Billionaire John Paulson is Selling These 3 Stocks

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In this article, we present the list of the top 3 stocks billionaire John Paulson is selling off. For our methodology and a more comprehensive list, go directly to Billionaire John Paulson is Selling These 6 Stocks.

03. People’s United Financial, Inc. (NASDAQ:PBCT)

People’s United Financial, Inc. (NASDAQ:PBCT) was serving as the holding company for People’s United Bank. It used to provide wealth management, retail banking, and commercial banking to customers who are individuals, businesses, and municipalities. On April 2, M&T Bank Corporation (NYSE:MTB) completed the acquisition of People’s United Financial Inc. (PBCT). The deal was valued at $8.3 billion. People’s United Financial, Inc. (NASDAQ:PBCT) common stock no longer trades on the NASDAQ after Friday, April 1, 2022.

M&T Bank Corporation (NYSE: MTB) is a financial holding company headquartered in Buffalo, New York. M&T Bank, the main banking division of M&T, offers banking services and products in 12 states in the northeastern United States, from Maine to Virginia and Washington, D.C. Paulson & Co. held 25,000 shares of People’s United Financial, Inc. (NASDAQ:PBCT) in the previous quarter, valued at $500,000.

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