Brief: German American Bancorp, Inc. And Heartland Banccorp Announce Definitive Merger Agreement

German American Bancorp

29/07/2024 21:57

July 29 (Reuters) - German American Bancorp Inc
 GABC.O :
    * GERMAN AMERICAN BANCORP, INC. AND HEARTLAND BANCCORP
ANNOUNCE
DEFINITIVE MERGER AGREEMENT
    * UNDER DEAL, HEARTLAND SHAREHOLDERS TO RECEIVE 3.90 SHARES
OF
GERMAN AMERICAN COMMON STOCK FOR EACH SHARE OF HEARTLAND COMMON
STOCK
    * AGGREGATE TRANSACTION VALUE WOULD BE ABOUT $330.2 MILLION
    * PROPOSED DEAL FOR ABOUT $330.2 MILLION
    * DEAL TO BE MATERIALLY ACCRETIVE TO GERMAN AMERICAN'S
EARNINGS
PER SHARE DURING 12 MONTHS FOLLOWING DEAL CLOSE

Source text for Eikon:  ID:nGNX1HsPl9 
Further company coverage:  GABC.O 

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