Brief: First Community Corp to expand Upstate South Carolina Presence

First Community (South Carolina)

12/04/2017 14:01

April 12 (Reuters) - First Community Corp  FCCO.O  
    * First Community Corp - Co has agreed to acquire 
Cornerstone in a cash and stock transaction with a total current 
value of approximately $25.8 million 
    * Merger agreement has been unanimously approved by board of 
directors of each company 
    * First Community - As per deal, Cornerstone shareholders to 
receive $11.00 in cash or 0.54 shares of first community stock 
for each cornerstone share 
    * First Community  - Current Cornerstone board members will 
have opportunity to serve as members of First Community's 
Upstate Advisory Board 
 
Source text for Eikon:  ID:nPn2kmkJva  
Further company coverage:  FCCO.O  
 
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