Brief: TowneBank and Village Bank and Trust Financial Corp. Announce Agreement to Merge
24/09/2024 13:26
Sept 24 (Reuters) - TowneBank TOWN.O :
* TOWNEBANK AND VILLAGE BANK AND TRUST FINANCIAL CORP.
ANNOUNCE
AGREEMENT TO MERGE
* TOWNEBANK - VILLAGE SHAREHOLDERS TO RECEIVE $80.25 PER
SHARE IN
CASH
* TOWNEBANK - AGGREGATE TRANSACTION VALUE APPROXIMATELY $120
MILLION
* TOWNEBANK - TRANSACTION EXPECTED TO BE 6% ACCRETIVE TO EPS
Source text for Eikon: ID:nGNX6mvtRs
Further company coverage: TOWN.O
((Reuters.Briefs@thomsonreuters.com;))
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