Brief: First Mid Bancshares, Inc. And Linco Bancshares, Inc. To Merge

First Mid Bancshares

28/09/2020 13:18

Sept 28 (Reuters) - First Mid Bancshares Inc  FMBH.O :
    * FIRST MID BANCSHARES, INC. AND LINCO BANCSHARES, INC. TO
MERGE
    * FIRST MID BANCSHARES INC - LINCO SHAREHOLDERS WILL RECEIVE
AN
AGGREGATE OF $116.5 MILLION IN CASH AND ABOUT 1.3 MILLION SHARES
OF FMBH STOCK
    * FIRST MID BANCSHARES INC - AGGREGATE CONSIDERATION TO BE
PAID BY
FIRST MID IS APPROXIMATELY $144.9 MILLION
    * FIRST MID BANCSHARES INC - ONE BOARD MEMBER FROM LINCO
WILL BE
ADDED TO FIRST MID BOARD OF DIRECTORS.
    * FIRST MID BANCSHARES INC - DEAL EXPECTED TO BE ABOUT 20%
ACCRETIVE TO EPS IN FIRST FULL YEAR AFTER CLOSE

Source text for Eikon:  ID:nGNX1wcc7s 
Further company coverage:  FMBH.O 

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