Brief: First Merchants Corp And Level One Bancorp Announce Merger Agreement

First Merchants

04/11/2021 12:51

Nov 4 (Reuters) - First Merchants Corp  FRME.O :
    * FIRST MERCHANTS CORPORATION AND LEVEL ONE BANCORP, INC.
ANNOUNCE
SIGNING OF A DEFINITIVE MERGER AGREEMENT
    * LEVEL ONE BANCORP INC - DEAL CURRENTLY VALUED AT
APPROXIMATELY
$323.5 MILLION
    * LEVEL ONE BANCORP INC - UPON COMPLETION OF MERGER, LEVEL
ONE
BANK WILL MERGE WITH AND INTO FIRST MERCHANTS BANK
    * LEVEL ONE BANCORP INC - SHAREHOLDERS OF LEVL WILL HAVE
RIGHT TO
RECEIVE 0.7167 SHARE OF FIRST MERCHANTS AND $10.17 IN CASH FOR
EACH SHARE OF LEVL
    * LEVEL ONE BANCORP INC - IMPLIED MERGER CONSIDERATION FOR
EACH
SHARE OF LEVL COMMON STOCK IS $41.35 PER SHARE

Source text for Eikon:  ID:nGNX7HdH4 
Further company coverage:  FRME.O 

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