Brief: United Bankshares To Acquire Piedmont Bancorp, Inc.

United Bankshares

10/05/2024 13:00

May 10 (Reuters) - United Bankshares Inc  UBSI.O :
    * UNITED BANKSHARES, INC. TO ACQUIRE PIEDMONT BANCORP, INC.
    * UNITED BANKSHARES INC - PROPOSED DEAL FOR EXCHANGE RATIO
WILL BE
FIXED AT 0.300 OF UNITED'S SHARES FOR EACH SHARE OF PIEDMONT
    * UNITED BANKSHARES INC - UNITED WILL ACQUIRE 100% OF
OUTSTANDING
SHARES OF PIEDMONT IN EXCHANGE FOR COMMON SHARES OF UNITED
    * UNITED BANKSHARES INC - UNITED WILL ACQUIRE 100% OF
OUTSTANDING
SHARES OF PIEDMONT IN AN AGGREGATE TRANSACTION VALUE OF
APPROXIMATELY $267 MILLION

Source text for Eikon:  ID:nBw80gqvBa 
Further company coverage:  UBSI.O 

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