Brief: Thrive Mortgage will be acquired by Lower Holding Company, Veritex Holdings has 49% equity in Thrive Mortgage

Veritex Holdings

12/12/2023 13:58

Dec 12 (Reuters) - Veritex Holdings Inc  VBTX.O :
    * VERITEX HOLDINGS-  DEC 11 THRIVE MORTGAGE WITH WHOM CO HAS
49%
EQUITY METHOD INVESTMENT OWNERSHIP INTEREST, HAS ENTERED INTO
DEFINITIVE AGREEMENT
    * VERITEX HOLDINGS INC - PURSUANT TO AGREEMENT 100% OF
THRIVE WILL
BE ACQUIRED BY LOWER HOLDING COMPANY
    * VERITEX HOLDINGS: UNDER TRANSACTION, DURING Q4, CO TO
RECOGNIZE
LOSS ON CURRENT EQUITY METHOD INVESTMENT IN THRIVE OF ABOUT $25
MILLION TO $30 MILLION
    * VERITEX HOLDINGS INC:  PURSUANT TO AGREEMENT VERITEX IS
EXPECTED
TO ACQUIRE AN APPROXIMATELY 12.5% EQUITY INTEREST IN LOWER

Source text for Eikon: [https://bitly.ws/35zC7]
Further company coverage:  VBTX.O 

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