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PPBI - Pacific Premier Bancorp Inc News Story

$42.64 -0.3  -0.8%

Last Trade - 19/04/21

Large Cap
Market Cap £2.89bn
Enterprise Value £3.15bn
Revenue £461.7m
Position in Universe 1598th / 6849

BUZZ-Pacific Premier's $1 bln all-stock offer for Opus Bank brings both down

Mon 3rd February, 2020 4:29pm
** U.S. lender Opus Bank's shares  OPB.O  fall ~6% after
regional bank Pacific Premier's  PPBI.N  $1 bln all-stock
acquisition offer; stock set for its worst day since Oct. 2018
    ** PPBI too down ~6% at over 9-month low of $27.65; stock
set for its worst day in 6 months, if current losses hold
    ** Opus shareholders to receive 0.9 shares of Pacific
Premier, or $26.82, for each share held, based on Pacific's
Friday closing, representing a premium of 0.7% to Opus' last
    ** In 2019, PPBI was up ~28%, OPB up ~32%

 (Reporting by C Nivedita in Bengaluru)
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