Reuters logo
BRIEF-Smartbank to buy Tuscaloosa, Alabama-based Capstone Bank
May 22, 2017 / 10:06 PM / 4 months ago

BRIEF-Smartbank to buy Tuscaloosa, Alabama-based Capstone Bank

May 22 (Reuters) - Smartfinancial Inc

* Smartbank to acquire tuscaloosa, alabama-based capstone bank

* Transaction is valued at approximately $84.8 million based on closing price of smartfinancial common stock on may 22, 2017

* Smartfinancial-Each capstone shareholder will be allowed to elect to get cash consideration, all stock consideration for shareholder’s capstone shares

* Smartfinancial inc - capstone shareholders receiving cash consideration will receive $18.50 per share of capstone stock

* Smartfinancial - capstone shareholders receiving stock consideration will receive 0.85 shares of smartfinancial stock for each share of capstone stock

* Smartfinancial-Each capstone shareholder will also be allowed to elect to get 20 percent cash consideration and 80 percent stock consideration Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below