First Choice Bancorp jumps on acquisition by Enterprise

Enterprise Financial Services

27/04/2021 20:05

** First Choice Bancorp  FCBP.O  shares up 25.56% at $30.51; on
track for biggest daily pct gain since March 13, 2020
    ** FCBP to be acquired by Enterprise Financial Services
 EFSC.O  in an all-stock deal valued at $397.7 mln, or $33.40
per FCBP share  urn:newsml:reuters.com:*:nASA021MO
    ** EFSC shares down 7.36%; on pace for biggest daily pct
drop since June 26 
    ** Under terms of the deal, each FCBP holder to receive
0.6603 shares of EFSC for each share of FCBP held and cash in
the case of fractional shares
    ** Deal expected to close in Q3 2021

 ((charles.mikolajczak@tr.com; @ChuckMik; Reuters Messaging:
charles.mikolajczak.thomsonreuters.com@reuters.net))