Brief: City Holding Co Announces Acquisition Strengthening Kentucky Presence

City Holding

18/10/2022 21:59

Oct 18 (Reuters) - Citizens Commerce Bancshares Inc
 CCVS.PK :
    * CITY HOLDING COMPANY ANNOUNCES ACQUISITION STRENGTHENING
KENTUCKY PRESENCE
    * CITY HOLDING CO - UPON COMPLETION OF MERGER, SUBSIDIARY
BANK OF
CITIZENS WILL MERGE WITH AND INTO CITY NATIONAL BANK OF WEST
VIRGINIA
    * CITY HOLDING CO - BASED ON CO' 5-DAY AVERAGE CLOSING PRICE
OF
$92.60 AS OF OCTOBER 17, EQUATES TO PER SHARE VALUE OF $15.43 &
AGGREGATE DEAL VALUE OF $61.0 MILLION
    * CITY HOLDING CO - CITIZENS SHAREHOLDERS WILL RECEIVE
0.1666
SHARES OF CITY COMMON STOCK FOR EACH OUTSTANDING SHARE OF
CITIZENS COMMON STOCK IN DEAL

Source text for Eikon:  ID:nBwbJRGNda 
Further company coverage:  CCVS.PK 
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