Brief: Heritage Financial to buy Premier Commercial for about $88.6 mln

Heritage Financial

09/03/2018 02:09

March 8 (Reuters) - Heritage Financial Corp  HFWA.O :
    * ORATION TO ACQUIRE PREMIER COMMERCIAL BANCORP
    * ‍HERITAGE WILL ACQUIRE PREMIER IN AN ALL-STOCK TRANSACTION
VALUED AT APPROXIMATELY $88.6 MILLION, OR $15.12 PER SHARE​
    * PREMIER SHAREHOLDERS WILL RECEIVE 0.4863 SHARES OF
HERITAGE
COMMON STOCK FOR EACH SHARE OF PREMIER COMMON STOCK
    * ‍UPON CONSUMMATION, SHAREHOLDERS OF PREMIER WILL OWN
APPROXIMATELY 7.7% OF COMBINED COMPANY​

Source text for Eikon:  ID:nPn5pVdmxa 
Further company coverage:  HFWA.O 

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