Independent Bank Inc logo

IBTX - Independent Bank Inc News Story

$73.86 1.8  2.4%

Last Trade - 13/05/21

Mid Cap
Market Cap £2.22bn
Enterprise Value £2.30bn
Revenue £435.5m
Position in Universe 1802nd / 6856

BRIEF-Independent Bank to acquire Grand Bank, Dallas

Thu 23rd July, 2015 10:00pm
July 23 (Reuters) - Independent Bank Group Inc  IBTX.O : 
 * To acquire grand bank, Dallas 
 * Says deal valued at $80.1 million 
 * Merger consideration will consist of $24.1 million cash and 1,279,532 shares 
   of Independent Bank Group common stock 
 * Says the merger has been approved by the boards of directors of both 
 * Cash to be paid will be reduced on dollar for dollar basis if tangible book 
   value of grand bank is less than $40 million at closing 
* Source text for Eikon  ID:nGNXVEBKOa  
* Further company coverage  IBTX.O  ((Bengaluru Newsroom; +1 646 223 8780))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.