Brief: German American Bancorp Inc And Citizens First Corporation Announce Merger Agreement

German American Bancorp

21/02/2019 23:05

Feb 21 (Reuters) - Citizens First Corp  CZFC.O :
    * GERMAN AMERICAN BANCORP, INC. AND CITIZENS FIRST
CORPORATION
ANNOUNCE DEFINITIVE MERGER AGREEMENT
    * GERMAN AMERICAN BANCORP INC - TRANSACTION HAS A VALUE OF
$26.74
PER CITIZENS FIRST COMMON SHARE
    * GERMAN AMERICAN BANCORP INC - DEAL FOR CASH PAYMENT OF
$5.80 PER
CITIZENS FIRST SHARE
    * GERMAN AMERICAN BANCORP INC - AT CLOSING, CO WOULD ISSUE
ABOUT
1.7 MILLION SHARES, PAY ABOUT $16 MILLION CASH, FOR ALL SHARES
OF CITIZENS FIRST
    * GERMAN AMERICAN BANCORP - CITIZENS FIRST SHAREHOLDERS TO
GET
FIXED EXCHANGE RATIO OF 0.6629 SHARES OF CO FOR EACH SHARE, CASH
PAYMENT OF $5.80/SHARE
    * GERMAN AMERICAN BANCORP INC - EXPECT TRANSACTION WILL BE
ACCRETIVE TO GERMAN AMERICAN'S EARNINGS PER SHARE DURING TWELVE
MONTHS
    * GERMAN AMERICAN BANCORP INC - TRANSACTION HAS AN AGGREGATE
INDICATED VALUE OF APPROXIMATELY $68.2 MILLION
    * GERMAN AMERICAN BANCORP - AFTER COMPLETION OF MERGER,
ANTICIPATED THAT ONE BOARD MEMBER OF CITIZENS FIRST WILL BE
JOINING BOARD OF GERMAN AMERICAN
    * GERMAN AMERICAN BANCORP INC - ENTERED INTO VOTING
AGREEMENTS
WITH EACH MEMBER OF CITIZENS FIRST BOARD OF DIRECTORS
    * GERMAN AMERICAN BANCORP INC - CITIZENS FIRST DIRECTORS
HAVE
AGREED TO VOTE THEIR SHARES IN FAVOR OF TRANSACTIONS
CONTEMPLATED BY DEFINITIVE AGREEMENT

Source text for Eikon:  ID:nPn8B07HQa 
Further company coverage:  CZFC.O 

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