Brief: Veritex Holdings, Inc. Announces Acquisition Of Interlink, A Technology-Enabled Deposit Gathering And Processing Platform

Veritex Holdings

03/03/2022 13:01

March 3 (Reuters) - Veritex Holdings Inc  VBTX.O :
    * VERITEX HOLDINGS, INC. ANNOUNCES ACQUISITION OF INTERLINK,
A
TECHNOLOGY-ENABLED DEPOSIT GATHERING AND PROCESSING PLATFORM
    * VERITEX HOLDINGS INC - DEAL FOR VERITEX COMMON STOCK AND
CASH IN
A TRANSACTION VALUED AT APPROXIMATELY $91 MILLION
    * VERITEX HOLDINGS - WILL PURCHASE INTERLINK FOR $3 MILLION
IN
CASH AND ISSUE ABOUT 2.1 MILLION SHARES OF ITS COMMON STOCK TO
STONECASTLE
    * VERITEX HOLDINGS - UPON CLOSE OF DEAL, STONECASTLE WILL
RECOGNIZE A TAXABLE SALE AND WILL HOLD A MINORITY STAKE OF ABOUT
4% IN VERITEX
    * VERITEX HOLDINGS INC - PLANS TO LAUNCH A COMMON STOCK
OFFERING
OF ABOUT $150 MILLION

Source text for Eikon:  ID:nGNX3ChM4y 
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