Brief: Wesbanco Announces Merger With Premier Financial Corp

Wesbanco

26/07/2024 13:16

July 26 (Reuters) - Wesbanco Inc  WSBC.O :
    * WESBANCO, INC. ANNOUNCES TRANSFORMATIVE MERGER WITH
PREMIER
FINANCIAL CORP.
    * MERGER VALUED AT $959 MILLION
    * PROPOSED DEAL FOR CONSIDERATION VALUED AT APPROXIMATELY
$959
MILLION, OR $26.66 PER SHARE
    * ENTERED INTO SUBSCRIPTION AGREEMENTS WITH INVESTORS TO
RAISE
CAPITAL TO SUPPORT MERGER
    * ANNOUNCES $200 MILLION IN CAPITAL COMMITMENTS IN SUPPORT
OF
MERGER
    * PREMIER SHAREHOLDERS TO OWN 30% OF COMBINED COMPANY
    * $125 MILLION INVESTMENT FROM WELLINGTON MANAGEMENT TO
SUPPORT
MERGER

Source text for Eikon:  ID:nPn8dkkBxa 
Further company coverage:  WSBC.O 

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