Brief: Citizens & Northern Announces Plan Of Merger With Monument Bancorp

Citizens & Northern

28/09/2018 12:51

Sept 28 (Reuters) - Citizens & Northern Corp  CZNC.O :
    * CITIZENS & NORTHERN CORP -  ANNOUNCED PLAN OF MERGER WITH
MONUMENT BANCORP INC IN A TRANSACTION VALUED AT ABOUT $42.7
MILLION - SEC FILING
    * CITIZENS & NORTHERN - CLARK S. FRAME, BOARD CHAIRMAN OF
MONUMENT, TO JOIN CO'S BOARD, SUBJECT TO ANY REQUIRED REGULATORY
APPROVALS
    * CITIZENS & NORTHERN - EACH SHARE OF MONUMENT'S COMMON
STOCK TO
BE CONVERTED INTO RIGHT TO RECEIVE 1.0144 SHARES OF CO'S COMMON
STOCK OR $28.10 IN CASH
    * CITIZENS & NORTHERN CORP - HOLDERS OF MONUMENT COMMON
STOCK
PRIOR TO CONSUMMATION OF MERGER WILL OWN ABOUT 9.4 PERCENT OF
CORP'S COMMON STOCK OUTSTANDING IMMEDIATELY FOLLOWING
CONSUMMATION OF MERGER
    * CITIZENS & NORTHERN CORP -  DEAL WITH MONUMENT BANCORP TO
BE
ABOUT 2 PERCENT ACCRETIVE TO EPS IN 2019 AND 5 PERCENT IN 2020
    * CITIZENS & NORTHERN - UNDER TERMS, MONUMENT TO MERGE WITH
CO,
WITH CO SURVIVING

Source text: (https://bit.ly/2xUAjYP)
Further company coverage:  CZNC.O 

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