Brief: Southern Missouri Bancorp And Fortune Financial Announce Agreement To Merge

Southern Missouri Bancorp

29/09/2021 01:13

Sept 28 (Reuters) - Southern Missouri Bancorp Inc  SMBC.O :
    * SOUTHERN MISSOURI BANCORP AND FORTUNE FINANCIAL ANNOUNCE
AGREEMENT TO MERGE
    * SOUTHERN MISSOURI BANCORP -FORTUNE SHAREHOLDERS TO RECEIVE
EITHER FIXED EXCHANGE RATIO OF 0.2853 SHARES OF CO OR CASH
PAYMENT OF $12.55/FORTUNE SHARE
    * SOUTHERN MISSOURI BANCORP - SIGNING OF DEFINITIVE MERGER
AGREEMENT WHEREBY SOUTHERN MISSOURI WILL ACQUIRE FORTUNE IN A
STOCK AND CASH TRANSACTION
    * AS PART OF MERGER, SOUTHERN MISSOURI WILL ALSO ASSUME
APPROXIMATELY $7.5 MILLION IN SUBORDINATED DEBT

Source text for Eikon:  ID:nGNX1jqlTz 
Further company coverage:  SMBC.O 

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