Brief: Lcnb Corp. Agrees To Acquire Cincinnati Bancorp, Inc.

LCNB

18/05/2023 13:53

LCNB Corp  LCNB.O :
    * LCNB CORP. AGREES TO ACQUIRE CINCINNATI BANCORP, INC.
    * LCNB CORP - LCNB WILL ACQUIRE CNNB IN A STOCK-AND-CASH
TRANSACTION
    * LCNB CORP - EXCLUDING ONE-TIME TRANSACTION COSTS, EXPECTS
DEAL
TO BE ABOUT 18.2% & 26.2% ACCRETIVE TO 2024 AND 2025 FULLY
DILUTED EPS, RESPECTIVELY
    * LCNB CORP- UNDER DEAL, CNNB SHAREHOLDERS TO GET 0.9274
LCNB
COMMON SHARES OR CASH IN THE AMOUNT OF $17.21
    * LCNB CORP - LCNB BOARD OF DIRECTORS INTENDS TO APPOINT
ROBERT
BEDINGHAUS TO THE BOARDS OF LCNB AND LCNB NATIONAL BANK
IMMEDIATELY AFTER CLOSING
    * LCNB CORP-  TERMINATION FEE EQUAL TO $2 MILLION WILL BE
PAYABLE
BY CNNB TO LCNB IF DEAL TERMINATED UNDER CERTAIN CIRCUMSTANCES

Source text for Eikon:  ID: 
Further company coverage:  LCNB.O