Brief: Lakeland Bancorp Inc To Acquire 1st Constitution Bancorp

Lakeland Bancorp

12/07/2021 13:26

July 12 (Reuters) - Lakeland Bancorp Inc  LBAI.O :
    * LAKELAND BANCORP, INC. TO ACQUIRE 1ST CONSTITUTION BANCORP
    * 1ST CONSTITUTION BANCORP - EXCHANGE RATIO WILL BE FIXED AT
1.3577 LAKELAND SHARES FOR EACH 1(ST) CONSTITUTION SHARE
    * 1ST CONSTITUTION BANCORP - AGGREGATE TRANSACTION VALUE OF
APPROXIMATELY $244.4 MILLION, OR $23.53 PER SHARE
    * 1ST CONSTITUTION BANCORP - AGGREGATE TRANSACTION VALUE OF
APPROXIMATELY $244.4 MILLION, OR $23.53 PER SHARE
    * 1ST CONSTITUTION BANCORP -  ROBERT MANGANO WILL BE
APPOINTED TO
BOARDS OF DIRECTORS OF LAKELAND AND LAKELAND BANK
    * 1ST CONSTITUTION BANCORP - STRONG EARNINGS ACCRETION:
ABOUT 10%
ACCRETIVE TO LAKELAND'S EARNINGS PER SHARE

Source text for Eikon:  ID:nGNX9FPPtJ 
Further company coverage:  LBAI.O 

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