Brief: Fidelity D&D Bancorp To Acquire MNB Corporation

Fidelity D&D Bancorp

10/12/2019 13:19

Dec 10 (Reuters) - Fidelity D&D Bancorp Inc  FDBC.O :
    * FIDELITY D & D BANCORP, INC. TO ACQUIRE MNB CORPORATION
    * FIDELITY D&D BANCORP INC - MNB SHAREHOLDERS WILL RECEIVE
AS
CONSIDERATION 1.039 SHARES OF FIDELITY COMMON STOCK FOR EACH
SHARE OF MNB
    * FIDELITY D&D BANCORP - TRANSACTION VALUE OF $78.5 MILLION
OR
$69.30 ON PER SHARE BASIS, BASED UPON FIDELITY'S 20-DAY AVERAGE
CLOSING PRICE AS OF DEC 6
    * FIDELITY D&D BANCORP INC - TWO REPRESENTATIVES FROM MNB
WILL
JOIN BOARDS OF FIDELITY AND FIDELITY BANK, RESPECTIVELY

Source text for Eikon:  ID:nGNX4s3j9V 
Further company coverage:  FDBC.O 

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