Brief: Seacoast Announces Acquisition Of Legacy Bank Of Florida

Seacoast Banking of Florida

23/03/2021 23:25

March 23 (Reuters) - Seacoast Banking Corporation of Florida
 SBCF.O :
    * SEACOAST ANNOUNCES ACQUISITION OF LEGACY BANK OF FLORIDA
    * SEACOAST BANKING CORPORATION OF FLORIDA - EXPECTS
TRANSACTION TO
BE 2% ACCRETIVE TO EPS IN 2021, EXCLUDING ONE-TIME TRANSACTION
COSTS
    * SEACOAST BANKING CORPORATION OF FLORIDA - EXPECTS
TRANSACTION TO
BE 6% ACCRETIVE TO EPS IN 2022
    * SEACOAST BANKING CORPORATION OF FLORIDA - LEGACY BANK
SHAREHOLDERS EXPECTED TO RECEIVE 0.1703 SHARES OF SEACOAST FOR
EACH SHARE OF LEGACY BANK
    * SEACOAST BANKING CORPORATION OF FLORIDA - LEGACY BANK
TRANSACTION, INCLUDING THE EXCHANGE OF LEGACY BANK OPTIONS, IS
VALUED AT ABOUT $102.2 MILLION

Source text for Eikon: [ID:https://bit.ly/3vVlH8I]
Further company coverage:  SBCF.O 

 ((Reuters.Briefs@thomsonreuters.com;))