Edition:
India

Banner Corporation To Acquire Skagit Bancorp


Thursday, 26 Jul 2018 

July 25 (Reuters) - Banner Corp ::BANNER CORPORATION TO ACQUIRE SKAGIT BANCORP, INC..BANNER CORP - COMBINED COMPANY WILL HAVE APPROXIMATELY $11.4 BILLION IN ASSETS.BANNER CORP - EXPECTS TRANSACTION TO BE IMMEDIATELY ACCRETIVE TO EARNINGS PER SHARE, EXCLUDING ONE-TIME TRANSACTION EXPENSES.BANNER CORP - UPON COMPLETION OF MERGER, CHERYL R. BISHOP, SKAGIT'S CHIEF EXECUTIVE OFFICER, WILL JOIN BANNER BOARD.BANNER CORP - SKAGIT SHAREHOLDERS WILL RECEIVE 5.6664 SHARES OF BANNER COMMON STOCK IN EXCHANGE FOR EACH SHARE OF SKAGIT COMMON STOCK.BANNER CORP - MERGER CONSIDERATION WOULD HAVE AN AGGREGATE VALUE OF APPROXIMATELY $191.1 MILLION. 

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