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IBTX - Independent Bank Inc News Story

$77.78 0.4  0.6%

Last Trade - 6:25pm

Mid Cap
Market Cap £2.39bn
Enterprise Value £2.47bn
Revenue £438.0m
Position in Universe 1789th / 6858

BRIEF-Independent Bank Group to acquire Carlile Bancshares

Mon 21st November, 2016 11:37pm
Nov 21 (Reuters) - Independent Bank Group Inc  IBTX.O  
    * Says has entered into agreement to acquire carlile 
bancshares, inc. And its subsidiary, northstar bank, denton, 
    * Independent bank group- under terms of deal co to issue 
shares of co common stock to shareholders of carlile, pay cash 
to carlile option holders 
    * Says nichols and at least two additional representatives 
of carlile will join board of independent bank group 
    * Merger has been approved by boards of directors of both 
companies and is expected to close during q2 of 2017 
    * Independent bank group - to sell in private placement an 
aggregate of 400,000 shares of independent bank group common 
stock at price of $52.50per share 
    * Independent bank group- deal for $434 million divided by 
agreed price of $47.40 per share of cos common stock, adjusted 
for cash to be paid to option holders 
    * Independent bank group, inc. To acquire carlile 
bancshares, inc. 
Source text for Eikon:  ID:nGNXNNEJMa  
Further company coverage:  IBTX.O  
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