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

Farmers National Banc

24/03/2022 12:27

March 24 (Reuters) - Emclaire Financial Corp  EMCF.O :
    * FARMERS NATIONAL BANC CORP. AND EMCLAIRE FINANCIAL CORP.
ANNOUNCE MERGER
    * EMCLAIRE FINANCIAL CORP - TRANSACTION IS VALUED AT
APPROXIMATELY
$105 MILLION, OR $37.62 PER SHARE
    * 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 - UPON CONSUMMATION OF TRANSACTION,
EMLENTON
BANK WILL BE MERGED WITH AND INTO FARMERS BANK, WITH FARMERS
BANK AS SURVIVING BANK
    * EMCLAIRE FINANCIAL CORP - UPON CONSUMMATION OF
TRANSACTION,
EMLENTON BANK'S BRANCHES WILL BECOME BRANCHES OF FARMERS BANK
    * EMCLAIRE FINANCIAL CORP - FARMERS INTENDS TO NAME ONE
DIRECTOR
FROM EMCLAIRE'S BOARD TO JOIN ITS BOARD OF DIRECTORS IMMEDIATELY
AFTER MERGER

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