Brief: S&T Bancorp And DNB Financial Corp Announce Merger

S&T Bancorp

05/06/2019 22:46

June 5 (Reuters) - DNB Financial Corp  DNBF.O :
    * S&T BANCORP, INC. AND DNB FINANCIAL CORPORATION ANNOUNCE
MERGER
    * DNB FINANCIAL CORP - TRANSACTION WILL HAVE AN AGGREGATE
VALUE OF
APPROXIMATELY $206 MILLION, OR $47.28 PER SHARE
    * DNB FINANCIAL CORP - EXPECTS MERGER TO BE ACCRETIVE TO
EARNINGS
PER SHARE IN 2020
    * DNB FINANCIAL CORP - S&T WILL ACQUIRE DNB IN AN ALL-STOCK
TRANSACTION.
    * DNB FINANCIAL CORP - S&T EXPECTS MERGER TO BE ACCRETIVE TO
EARNINGS PER SHARE IN 2020.
    * DNB FINANCIAL CORP - TRANSACTION IS EXPECTED TO BE A
TAX-FREE
EXCHANGE TO SHAREHOLDERS OF DNB.
    * DNB FINANCIAL - TERMS OF MERGER AGREEMENT HAVE BEEN
UNANIMOUSLY
APPROVED BY BOARDS OF BOTH COS
    * DNB FINANCIAL CORP - DNB SHAREHOLDERS WILL RECEIVE 1.22
SHARES
OF S&T STOCK FOR EACH SHARE OF DNB STOCK

Source text for Eikon:  ID:nPnbTDGF0a 
Further company coverage:  DNBF.O 

 (Reuters.Briefs@thomsonreuters.com)