Brief: MutualFirst Financial Says Northwest Will Acquire MutualFirst

Northwest Bancshares

29/10/2019 21:21

Oct 29 (Reuters) - MutualFirst Financial Inc  MFSF.O :
    * MUTUALFIRST FINANCIAL INC -  NORTHWEST BANCSHARE MERGER
WITH
MUTUALFIRST FINANCIAL, INC.
    * MUTUALFIRST FINANCIAL INC - ALL-STOCK TRANSACTION VALUED
AT
$39.89 PER SHARE
    * MUTUALFIRST FINANCIAL INC - TRANSACTION IS IMMEDIATELY
ACCRETIVE
TO NORTHWEST'S EARNINGS PER SHARE
    * MUTUALFIRST FINANCIAL INC - NORTHWEST WILL ACQUIRE
MUTUALFIRST
    * MUTUALFIRST FINANCIAL - SHAREHOLDERS OF CO WILL BE
ENTITLED TO
RECEIVE 2.4 SHARES OF NORTHWEST COMMON STOCK FOR EACH COMMON
SHARE OF MUTUALFIRST
    * MUTUALFIRST FINANCIAL - BASED ON NORTHWEST'S 15-DAY VOLUME
WEIGHTED AVERAGE CLOSING STOCK PRICE ENDING ON OCTOBER 23, 2019,
DEAL IS VALUED AT $346 MILLION
    * MUTUALFIRST FINANCIAL INC - SHAREHOLDERS WILL BE ENTITLED
TO
RECEIVE 2.4 SHARES OF NORTHWEST COMMON STOCK FOR EACH COMMON
SHARE OF CO
    * MUTUALFIRST FINANCIAL INC - ONE MUTUALFIRST DIRECTOR WILL
BE
ADDED TO NORTHWEST'S BANK AND HOLDING COMPANY BOARDS
    * MUTUALFIRST FINANCIAL INC - AS PART OF MERGER, ONE
MUTUALFIRST
DIRECTOR WILL BE ADDED TO NORTHWEST'S BANK AND HOLDING COMPANY
BOARDS
    * MUTUALFIRST FINANCIAL INC - TRANSACTION IS EXPECTED TO
QUALIFY
AS A TAX-FREE EXCHANGE FOR SHAREHOLDERS
    * MUTUALFIRST FINANCIAL INC -  TRANSACTION INCREASES
NORTHWEST'S
STAND-ALONE EARNINGS PER SHARE BY OVER 10% ON A RUN-RATE BASIS

Source text for Eikon:  ID:nPn2PCW8Ca 
Further company coverage:  MFSF.O 

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