Brief: Mid Penn Bancorp Inc Signs Definitive Agreement To Acquire Brunswick Bancorp

Mid Penn Bancorp

20/12/2022 22:14

Dec 20 (Reuters) - Brunswick Bancorp  BRBW.PK :
    * MID PENN BANCORP, INC. SIGNS DEFINITIVE AGREEMENT TO
ACQUIRE
BRUNSWICK BANCORP
    * MID PENN BANCORP INC- PROPOSED DEAL FOR IN A COMBINATION
CASH
AND STOCK TRANSACTION VALUED AT APPROXIMATELY $53.9 MILLION
    * MID PENN BANCORP INC- MERGER, UNANIMOUSLY APPROVED BY BOTH
BOARDS OF DIRECTORS
    * MID PENN BANCORP INC- FOLLOWING COMPLETION OF MERGER,
BRUNSWICK
BANK WILL BE MERGED WITH AND INTO MID PENN BANK
    * MID PENN BANCORP INC- ADDITIONALLY, ONE BRUNSWICK DIRECTOR
WILL
JOIN BOARD OF DIRECTORS OF MID PENN BANCORP, INC
    * MID PENN BANCORP- UNDER DEAL, 50% OF BRUNSWICK COMMON
SHARES
WILL BE CONVERTED INTO CO'S COMMON STOCK WHILE REMAINING 50% TO
BE EXCHANGED FOR CASH

Source text for Eikon:  ID:nGNX7z0cK2 
Further company coverage:  BRBW.PK 
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