Brief: Peoples Bancorp Inc. And Premier Financial Bancorp, Inc. Announce Definitive Merger Agreement

Peoples Bancorp

29/03/2021 12:21

March 29 (Reuters) - Peoples Bancorp Inc  PEBO.O :
    * PEOPLES BANCORP INC. AND PREMIER FINANCIAL BANCORP, INC.
ANNOUNCE DEFINITIVE MERGER AGREEMENT
    * PREMIER FINANCIAL BANCORP INC - DEAL FOR APPROXIMATELY
$292.3
MILLION
    * PREMIER FINANCIAL BANCORP INC - SHAREHOLDERS OF PREMIER
WILL
RECEIVE 0.58 SHARES OF PEOPLES COMMON STOCK FOR EACH SHARE OF
PREMIER COMMON STOCK
    * PREMIER FINANCIAL BANCORP INC - MERGER IS EXPECTED TO
QUALIFY AS
A TAX-FREE REORGANIZATION FOR PREMIER SHAREHOLDERS
    * PREMIER FINANCIAL BANCORP INC -  AGGREGATE DEAL VALUE IS
APPROXIMATELY $19.69 PER SHARE
    * PREMIER FINANCIAL BANCORP INC - TRANSACTION IS EXPECTED TO
BE
IMMEDIATELY ACCRETIVE TO PEOPLES' ESTIMATED EARNINGS BEFORE
ONE-TIME COSTS

Source text for Eikon:  ID:nPn6dvTW4a 
Further company coverage:  PEBO.O 

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