Edition:
India

Banner Corp To Merge With Altapacific Bank To Merge


Thursday, 25 Jul 2019 

July 24 (Reuters) - AltaPacific Bank ::BANNER CORP - ENTERED INTO A DEFINITIVE AGREEMENT FOR ALTAPACIFIC BANK TO MERGE WITH, AND INTO, BANNER BANK - SEC FILING.BANNER CORP - TRANSACTION WILL BE ACCOMPLISHED THROUGH BANNER CORPORATION’S ACQUISITION OF ALTAPACIFIC BANCORP..BANNER CORP - COMBINED COMPANY WILL HAVE APPROXIMATELY $12.2 BILLION IN ASSETS..BANNER CORP - BASED ON CLOSING PRICE OF BANNER STOCK ON JULY 23, 2019, MERGER CONSIDERATION WOULD HAVE AGGREGATE VALUE OF APPROXIMATELY $87.4 MILLION..BANNER CORP - EXPECTS THE TRANSACTION TO BE IMMEDIATELY ACCRETIVE TO EARNINGS PER SHARE, EXCLUDING ONE-TIME TRANSACTION EXPENSES..BANNER - MERGER AGREEMENT SPECIFIES ALTAPACIFIC SHAREHOLDERS WILL RECEIVE 0.2712 SHARES OF CO IN EXCHANGE FOR EACH SHARE OF ALTAPACIFIC COMMON STOCK. 

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58.17
0.57 +0.99%
13 Sep 2019