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IBTX - Independent Bank Inc News Story

$73.86 1.8  2.4%

Last Trade - 13/05/21

Sector
Financials
Size
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 
   companies 
 * 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))
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