Brief: Veritex Holdings Announces Acquisition Of North Avenue Capital

Veritex Holdings

21/09/2021 23:00

Sept 21 (Reuters) - Veritex Holdings Inc  VBTX.O :
    * VERITEX HOLDINGS, INC. ANNOUNCES ACQUISITION OF NORTH
AVENUE
CAPITAL, LLC
    * VERITEX HOLDINGS, INC. ANNOUNCES ACQUISITION OF NORTH
AVENUE
CAPITAL, LLC
    * VERITEX HOLDINGS INC - UPON COMPLETION OF MERGER, VERITEX
WILL
PAY $57.5 MILLION IN CASH TO EXISTING SHAREHOLDERS OF NAC
    * VERITEX HOLDINGS - 3 YEARS AFTER DEAL COMPLETION, NAC HAS
RIGHT
TO RECEIVE ADDITIONAL $5 MILLION IN CASH SUBJECT TO CERTAIN
PERFORMANCE MEASURES
    * VERITEX HOLDINGS INC - NAC WILL CONTINUE TO OPERATE UNDER
ITS
CURRENT NAME AND BRAND AND IN ITS CURRENT OFFICE SPACE

Source text for Eikon:  ID:nGNXb6vcD9 
Further company coverage:  VBTX.O 

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