Brief: Farmers National Banc Corp. And Emclaire Financial Corp. Announce Merger

Farmers National Banc

24/03/2022 12:31

March 24 (Reuters) - Emclaire Financial Corp  EMCF.O :
    * FARMERS NATIONAL BANC CORP. AND EMCLAIRE FINANCIAL CORP.
ANNOUNCE MERGER
    * EMCLAIRE FINANCIAL CORP - EACH SHAREHOLDER OF EMCLAIRE MAY
ELECT
TO RECEIVE EITHER $40.00 PER SHARE IN CASH OR 2.15 SHARES OF
FARMERS' COMMON STOCK
    * EMCLAIRE FINANCIAL CORP - TRANSACTION IS VALUED AT
APPROXIMATELY
$105 MILLION, OR $37.62 PER SHARE
    * EMCLAIRE FINANCIAL CORP - MERGER IS EXPECTED TO QUALIFY AS
A
TAX-FREE REORGANIZATION FOR THOSE SHAREHOLDERS ELECTING TO
RECEIVE FARMERS' SHARES
    * EMCLAIRE FINANCIAL CORP - EMLENTON BANK WILL BE MERGED
WITH AND
INTO FARMERS BANK

Source text for Eikon:  ID:nGNX4XtHHt 
Further company coverage:  EMCF.O