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BRIEF-Mid Penn Bancorp announced signing of a merger agreement,calls for co to buy stock of Scottdale in a transaction valued at nearly $59.1 mln
March 29, 2017 / 9:41 PM / 8 months ago

BRIEF-Mid Penn Bancorp announced signing of a merger agreement,calls for co to buy stock of Scottdale in a transaction valued at nearly $59.1 mln

March 29 (Reuters) - Mid Penn Bancorp Inc

* Mid Penn Bancorp - Announced signing of a merger agreement, calls for co to buy stock of Scottdale in a transaction valued at approximately $59.1 million

* Mid Penn Bancorp Inc - Co expects deal will be immediately accretive to tangible book value per share, will “materially increase their capital ratios”

* Mid Penn Bancorp - Under terms of agreement shareholders of Scottdale common stock will receive $1,166/share for each share - SEC Filing

* Mid Penn Bancorp Inc - Mid Penn has proposed that Donald F. Kiefer will be added to Mid Penn's board of directors upon completion of merger Source text: [bit.ly/2nkidsy] Further company coverage:

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