Edition:
India

Glacier Bancorp Announces Acquisition Of State Bank Corp In Lake Havasu City, Arizona


Tuesday, 1 Oct 2019 

Sept 30 (Reuters) - Glacier Bancorp Inc ::GLACIER BANCORP, INC. ANNOUNCES ACQUISITION OF STATE BANK CORP. IN LAKE HAVASU CITY, ARIZONA.TRANSACTION WOULD RESULT IN AN AGGREGATE VALUE OF $135.3 MILLION, OR $16.67 PER SHARE.GLACIER BANCORP- UPON CLOSING OF TRANSACTION, SBC SHAREHOLDERS ARE TO RECEIVE 0.3706 SHARES OF GLACIER STOCK AND $1.69 IN CASH FOR EACH SBC SHARE.SAYS BOARDS OF GLACIER AND SBC UNANIMOUSLY APPROVED TRANSACTION.TRANSACTION WILL BE IMMEDIATELY ACCRETIVE TO GLACIER'S EARNINGS PER SHARE, EXCLUDING ONE-TIME TRANSACTION-RELATED EXPENSES. 

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21 Feb 2020