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PacWest Bancorp to buy CU Bancorp in deal valued at $705 mln
April 6, 2017 / 10:50 AM / 7 months ago

PacWest Bancorp to buy CU Bancorp in deal valued at $705 mln

April 6 (Reuters) - Bank holding company PacWest Bancorp said on Thursday it would buy CU Bancorp in a cash-and-stock deal valued at about $705 million.

PacWest offered 0.5308 of its share and $12 in cash for each CU Bancorp share, the companies said. (Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)

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