Brief: Citizens Community Bancorp, Wells Financial to merge in a transaction valued at about $39.8 mln

Citizens Community Bancorp

17/03/2017 20:48

March 17 (Reuters) - Citizens Community Bancorp Inc 
 CZWI.O : 
    * Citizens Community Bancorp Inc and Wells Financial Corp to 
merge 
    * Citizens Community Bancorp Inc and Wells Financial Corp to 
merge 
    * Citizens Community Bancorp Inc says stock and cash 
transaction valued at approximately $39.8 million 
    * Says shareholders of wells will receive total 
consideration of $51.00 per share 
    * Citizens Community Bancorp - expect merger to close early 
in third calendar quarter of 2017, and to be accretive to 
earnings in fiscal year 2018 
    * Citizens community- deal consideration consist of $41.31 
in cash, balance will consist of 0.7636 shares of co's shares 
for each share of wells stock 
 
Source text for Eikon:  ID:nGNXNQVOIa  
Further company coverage:  CZWI.O  
 
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