Brief: United Community Banks Inc And Reliant Bancorp Inc Announce Merger Agreement

United Community Banks

14/07/2021 21:33

July 14 (Reuters) - Reliant Bancorp Inc  RBNC.O :
    * UNITED COMMUNITY BANKS, INC. AND RELIANT BANCORP, INC.,
THE
PARENT OF RELIANT BANK, ANNOUNCE MERGER AGREEMENT
    * UNITED COMMUNITY BANKS INC - DEAL FOR APPROXIMATELY $517
MILLION, OR $30.58 PER SHARE OF RELIANT COMMON STOCK
    * UNITED COMMUNITY BANKS INC - UNITED WILL ACQUIRE RELIANT,
AND
ITS WHOLLY-OWNED SUBSIDIARY, RELIANT BANK IN AN ALL-STOCK
TRANSACTION
    * UNITED COMMUNITY BANKS INC - RELIANT SHAREHOLDERS WILL
RECEIVE
0.9842 SHARES OF UNITED COMMON STOCK FOR EACH SHARE OF RELIANT
COMMON STOCK OUTSTANDING
    * UNITED COMMUNITY BANKS - MERGER EXPECTED TO BE ACCRETIVE
TO CO'S
EPS, EXCLUDING TRANSACTION COSTS, BY ABOUT $0.15/SHARE IN 2022 &
$0.22/SHARE IN 2023

Source text for Eikon:  ID:nGNX3zVXCS 
Further company coverage:  RBNC.O 

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