Brief: German American Bancorp And Citizens Union Bancorp Of Shelbyville Announce Merger

German American Bancorp

20/09/2021 22:55

Sept 20 (Reuters) - German American Bancorp Inc  GABC.O :
    * GERMAN AMERICAN BANCORP, INC. AND CITIZENS UNION BANCORP
OF
SHELBYVILLE, INC. ANNOUNCE DEFINITIVE MERGER AGREEMENT
    * GERMAN AMERICAN BANCORP - DEAL HAS FIXED EXCHANGE RATIO OF
0.7739 SHARES OF CO'S STOCK FOR EACH CUB SHARE , AND CASH
PAYMENT OF $13.44 PER CUB SHARE
    * GERMAN AMERICAN BANCORP INC - WOULD ISSUE APPROXIMATELY
2.9
MILLION SHARES OF STOCK, AND PAY APPROXIMATELY $49.8 MILLION
CASH, FOR SHARES OF CUB
    * GERMAN AMERICAN BANCORP INC - TRANSACTION HAS AN AGGREGATE
INDICATED VALUE OF APPROXIMATELY $154.0 MILLION

Source text for Eikon:  ID:nGNX5jthv4 
Further company coverage:  GABC.O 

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