Brief: Veritex Holdings - On September 1, Stonecastle Partners Unilaterally Terminated Agreement In Respect Of Co's Proposed Acquisition Of Interlink

Veritex Holdings

06/09/2022 22:21

Sept 6 (Reuters) - Veritex Holdings Inc  VBTX.O :
    * VERITEX HOLDINGS -  ON SEPTEMBER 1, STONECASTLE PARTNERS,
LLC
UNILATERALLY TERMINATED AGREEMENT IN RESPECT OF CO'S PROPOSED
ACQUISITION OF INTERLINK
    * VERITEX HOLDINGS INC - BELIEVES ALL OTHER CONDITIONS
PRECEDENT
TO CLOSING UNDER AGREEMENT WERE SATISFIED UPON RECEIPT OF
APPROVAL FROM FDIC
    * VERITEX HOLDINGS INC - NEITHER VERITEX NOR OTHER PARTIES
TO SUCH
AGREEMENT WILL PAY A TERMINATION FEE IN CONNECTION WITH
TERMINATION OF TRANSACTION
    * VERITEX HOLDINGS - CONSIDERING OPTIONS IN CONNECTION WITH
TERMINATION, INCLUDING IN RESPECT OF WILLFUL & MATERIAL BREACHES
OF AGREEMENT BY STONECASTLE
    * VERITEX HOLDINGS INC -  HAD ALREADY RECEIVED APPROVAL OF
TEXAS
DEPARTMENT OF BANKING FOR ACQUISITION
    * VERITEX -  SUBSTANTIALLY PROGRESSED IN PURSUING APPROVAL
OF
FEDERAL DEPOSIT INSURANCE CORPORATION FOR ACQUISITION WHEN
STONECASTLE TERMINATED DEAL

Source: [https://bit.ly/3qhwbh0]
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