Brief: Home Bancshares and Giant Holdings signs a definitive agreement
07/11/2016 22:15
Nov 7 (Reuters) - Home Bancshares Inc HOMB.O :
* Home Bancshares Inc - GHI will merge into Home, Landmark
will merge into Centennial
* Home Bancshares Inc - shareholders of GHI will receive
proceeds from transaction of approximately $88.5 million
* Home Bancshares Inc says upon completion of acquisition,
company will have approximately $10.2 billion in total assets
* Home Bancshares Inc - proceeds from deal consisting of
$18.5 million in cash and $70.0 million of home common stock
* Home Bancshares Inc - deal is immediately accretive to
diluted earnings per share, book value and tangible book value
* Home Bancshares Inc and Giant Holdings Inc announce
signing of definitive agreement
Source text for Eikon: ID:nGNXNKQKTa
Further company coverage: HOMB.O
((Bangalore.newsroom@thomsonreuters.com;))