Atlantic Union Bankshares slips on deal to buy American National Bankshares

American National Bankshares

25/07/2023 15:22

**Shares of Atlantic Union Bankshares Corp  AUB.N  down 6.5%
at $28.96
    ** AUB to acquire American National Bankshares Inc  AMNB.O 
for $39.23 per share
    ** Total deal value of the all-stock transaction is about
$416.8 mln
    ** Combined co will have total assets of $23.7 bln, total
deposits of $19.1 bln and gross loans of $17.3 bln, based on
financial data as of June 30 - says co
    ** AUB shares down 17.6% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))