Brief: Enterprise Financial Services To Buy Seacoast Commerce Banc Holdings

Enterprise Financial Services

20/08/2020 22:36

Aug 20 (Reuters) - Seacoast Commerce Banc Holdings
 SCBH.PK :
    * ENTERPRISE FINANCIAL SERVICES CORP TO ACQUIRE SEACOAST
COMMERCE
BANC HOLDINGS
    * ENTERPRISE FINANCIAL SERVICES CORP - DEAL FOR
APPROXIMATELY $156
MILLION, OR $15.80 PER SCBH SHARE
    * ENTERPRISE FINANCIAL SERVICES CORP - EFSC, EB&T, SCBH AND
SEACOAST HAVE ENTERED INTO A DEFINITIVE MERGER AGREEMENT
    * ENTERPRISE FINANCIAL SERVICES CORP - TRANSACTION IS
EXPECTED TO
BE APPROXIMATELY 4% ACCRETIVE TO ENTERPRISE'S 2021 EARNINGS PER
SHARE
    * ENTERPRISE FINANCIAL SERVICES CORP - DEAL EXPECTED TO BE
OVER
10% ACCRETIVE TO CO'S 2022 EARNINGS PER SHARE

Source text for Eikon:  ID:nBw9nGZc3a 
Further company coverage:  SCBH.PK 

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