Brief: Southern Missouri Bancorp And Central Federal Bancshares Announce Agreement To Merge

Southern Missouri Bancorp

17/01/2020 14:21

Jan 17 (Reuters) - Central Federal Bancshares Inc  CFDB.PK :
    * SOUTHERN MISSOURI BANCORP AND CENTRAL FEDERAL BANCSHARES
ANNOUNCE AGREEMENT TO MERGE
    * CENTRAL FEDERAL BANCSHARES - SIGNING OF DEFINITIVE MERGER
AGREEMENT WHEREBY SOUTHERN MISSOURI WILL ACQUIRE CENTRAL IN
ALL-CASH TRANSACTION
    * CENTRAL FEDERAL BANCSHARES INC - DEAL IS VALUED AT
APPROXIMATELY
$24.0 MILLION
    * CENTRAL FEDERAL BANCSHARES -  CENTRAL SHAREHOLDERS WILL
RECEIVE
$15.90 IN CASH FOR EACH SHARE OF CENTRAL COMMON STOCK
    * CENTRAL FEDERAL BANCSHARES - AS PART OF DEAL, CENTRAL
FEDERAL
WILL BE MERGED WITH & INTO SOUTHERN BANK
    * CENTRAL FEDERAL - SEES EXCLUDING NONRECURRING
TRANSACTION-RELATED EXPENSES, ACQUISITION TO BE ACCRETIVE TO EPS
WITHIN 6 MONTHS OF CLOSING

Source text for Eikon:  ID:nGNX25Q4hT 
Further company coverage:  CFDB.PK 

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