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LTXB - LegacyTexas Financial Inc News Story

$42.54 -1.6  -3.6%

Last Trade - 31/10/19

Sector
Financials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £294.5m
Position in Universe th / 6395

BRIEF-Prosperity Bancshares to buy LegacyTexas Financial Group for $2.1 bln

Mon 17th June, 2019 11:59am
June 17 (Reuters) - Prosperity Bancshares Inc  PB.N :
    * PROSPERITY BANCSHARES, INC. AND LEGACYTEXAS FINANCIAL
GROUP,
INC. ENTER INTO DEFINITIVE AGREEMENT TO MERGE
    * PROSPERITY BANCSHARES INC - UNDER TERMS, TOTAL
CONSIDERATION WAS
VALUED AT APPROXIMATELY $2.1 BILLION, OR APPROXIMATELY $41.78
PER SHARE
    * PROSPERITY BANCSHARES INC - MERGER HAS BEEN UNANIMOUSLY
APPROVED
BY BOARD
    * PROSPERITY BANCSHARES INC - SIGNING OF A DEFINITIVE MERGER
AGREEMENT PURSUANT TO WHICH LEGACYTEXAS WILL MERGE WITH
PROSPERITY.
    * PROSPERITY BANCSHARES INC - AS OF MARCH 31, 2019,
LEGACYTEXAS,
ON A CONSOLIDATED BASIS, REPORTED TOTAL ASSETS OF $9.3 BILLION
    * PROSPERITY BANCSHARES INC - STOCKHOLDERS OF LEGACYTEXAS
WILL
RECEIVE 0.5280 SHARES OF PROSPERITY STOCK AND $6.28 CASH FOR
EACH LEGACYTEXAS SHARE
    * PROSPERITY BANCSHARES - UPON COMPLETION OF MERGER, KEVIN
HANIGAN, BRUCE HUNT, AND GEORGE FISK, DIRECTORS OF LEGACYTEXAS,
WILL JOIN BOARD OF CO
    * PROSPERITY BANCSHARES INC - MERGER HAS BEEN UNANIMOUSLY
APPROVED
BY BOARD OF DIRECTORS OF PROSPERITY
    * PROSPERITY BANCSHARES INC - MERGER UNANIMOUSLY APPROVED BY
INDEPENDENT DIRECTORS OF LEGACYTEXAS

Source text for Eikon:  ID:nPn8SyNCga 
Further company coverage:  PB.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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