June 17, 2019 / 10:44 AM / 3 months ago

Prosperity to buy peer LegacyTexas Financial for $2.1 bln

June 17 (Reuters) - Prosperity Bancshares Inc said here on Monday it has agreed to buy Plano, Texas-based peer LegacyTexas Financial Group Inc for $2.1 billion.

The deal value represents a premium of 9.3% to LegacyTexas Financial’s closing price on Friday.

The transaction is expected to close in the fourth quarter of 2019. (Reporting by Bharath Manjesh in Bengaluru; Editing by James Emmanuel)

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