Brief: First Financial Bancorp Agreed To Acquire All Of Issued, Outstanding Equity Securities Of Summit In Exchange For Cash Payment Equal To $111.5 Million

First Financial Bancorp.

07/12/2021 14:31

Dec 7 (Reuters) - First Financial Bancorp  FFBC.O :
    * FIRST FINANCIAL BANCORP - CO AGREED TO ACQUIRE ALL OF
ISSUED,
OUTSTANDING EQUITY SECURITIES OF SUMMIT IN EXCHANGE FOR 404,694
SHARES OF COMMON STOCK
    * FIRST FINANCIAL - CO AGREED TO ACQUIRE ALL OF ISSUED,
OUTSTANDING EQUITY SECURITIES OF SUMMIT IN EXCHANGE FOR CASH
PAYMENT EQUAL TO $111.5 MILLION
    * FIRST FINANCIAL - AGREED TO PAY TO SELLERS’ REPRESENTATIVE
CERTAIN “EARN-OUT” PAYMENTS ANNUALLY FOR EACH OF 5 YEARS
FOLLOWING CLOSING OF ACQUISITION

Source text for Eikon:  ID: 
Further company coverage:  FFBC.O 

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