Pacific Premier Bancorp Inc logo

PPBI - Pacific Premier Bancorp Inc News Story

$42.64 -0.3  -0.8%

Last Trade - 19/04/21

Sector
Financials
Size
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
close  urn:newsml:reuters.com:*:nL4N2A331A
    ** In 2019, PPBI was up ~28%, OPB up ~32%

 (Reporting by C Nivedita in Bengaluru)
 ((C.Nivedita@thomsonreuters.com))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.