Southwest Georgia hits all-time high on buyout deal from First Bancshares

First Bancshares (Mississippi)

19/12/2019 16:54

** Bank holding co Southwest Georgia Financial's shares
 SGB.A  soar 47.4% to an all-time high of $33.93, set for their
best day ever
    ** Co to be bought out by First Bancshares Inc  FBMS.O ,
which offered one FBMS share for each SGB share held 
    ** The offer price of $34.67 per share, represents a premium
of 50.6% to FBMS' Wed close
    ** Deal expected to close in Q2 of 2020
    ** FBMS down ~1% at $34.37
    ** SGB up ~67%, FBMS up ~14% so far this year

 (Reporting by C Nivedita in Bengaluru)