Brief: Blue Ridge Bankshares To Acquire Virginia Community Bankshares
14/05/2019 13:47
May 14 (Reuters) - Virginia Community Bankshares Inc
VCBS.PK :
* BLUE RIDGE BANKSHARES, INC. TO ACQUIRE VIRGINIA COMMUNITY
BANKSHARES, INC.
* VIRGINIA COMMUNITY BANKSHARES INC - TRANSACTION VALUED AT
$59.23
PER SHARE OR APPROXIMATELY $42.5 MILLION IN AGGREGATE
* VIRGINIA COMMUNITY BANKSHARES INC - VCB SHAREHOLDERS WILL
HAVE
RIGHT TO RECEIVE EITHER $58.00 IN CASH OR 3.05 SHARES OF BLUE
RIDGE COMMON STOCK
* VIRGINIA COMMUNITY BANKSHARES INC - BLUE RIDGE EXPECTS
TRANSACTION TO BE MORE THAN 20% ACCRETIVE TO CORE BANK EARNINGS
PER SHARE
Source text for Eikon: ID:nPntK200a
Further company coverage: VCBS.PK
((Briefs@thomsonreuters.com;))
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