Brief: American National Bankshares To Merge With Hometown Bankshares

American National Bankshares

01/10/2018 23:34

Oct 1 (Reuters) - American National Bankshares Inc  AMNB.O :
    * AMERICAN NATIONAL BANKSHARES INC. AND HOMETOWN BANKSHARES
CORPORATION ANNOUNCE AGREEMENT TO MERGE
    * TRANSACTION VALUED AT APPROXIMATELY $95.6 MILLION
    * PER SHARE ACQUISITION PRICE EQUALED APPROXIMATELY $16.23
    * FOLLOWING COMPLETION OF MERGER, CO EXPECTS TRANSACTION
WILL BE
ACCRETIVE TO EARNINGS PER SHARE
    * UNDER TERMS, HOMETOWN SHAREHOLDERS TO RECEIVE 0.4150
SHARES OF
AMERICAN NATIONAL STOCK FOR EACH SHARE OF HOMETOWN STOCK
    * POST DEAL, ROANOKE WILL SERVE AS COMBINED BANK'S VIRGINIA
BANKING HEADQUARTERS & CENTER FOR CORPORATE CREDIT FUNCTION

Source text for Eikon:  ID:nGNX5HBt9b 
Further company coverage:  AMNB.O 

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