Brief: Brookline Bancorp And PCSB Financial To Merge In Deal Valued At About $313 Mln

Brookline Bancorp

24/05/2022 13:13

May 24 (Reuters) - Brookline Bancorp Inc  BRKL.O :
    * BROOKLINE BANCORP, INC. AND PCSB FINANCIAL CORPORATION
ANNOUNCE
STRATEGIC MERGER
    * BROOKLINE BANCORP INC - TRANSACTION IS PRESENTLY VALUED AT
APPROXIMATELY $313 MILLION
    * BROOKLINE BANCORP INC - PROPOSED DEAL FOR APPROXIMATELY
$20.72
PER PCSB SHARE
    * BROOKLINE BANCORP INC - SEES ANTICIPATED DOUBLE-DIGIT EPS
ACCRETION OF APPROXIMATELY 13% TO BROOKLINE'S EARNINGS PER SHARE
FROM DEAL
    * BROOKLINE BANCORP INC - FOLLOWING TRANSACTION, PCSB BANK
WILL
OPERATE AS A SEPARATE BANK SUBSIDIARY OF BROOKLINE

Source text for Eikon:  ID:nGNX1hK0Sk 
Further company coverage:  BRKL.O 

 ((Reuters.Briefs@thomsonreuters.com;))