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BRIEF-German American Bancorp, Inc. And Heartland Banccorp Announce Definitive Merger Agreement
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BRIEF-German American Bancorp, Inc. And Heartland Banccorp Announce Definitive Merger Agreement
Jul 29, 2024 2:24 PM

July 29 (Reuters) - German American Bancorp Inc ( GABC )

:

* GERMAN AMERICAN BANCORP, INC. ( GABC ) AND HEARTLAND BANCCORP

ANNOUNCE

DEFINITIVE MERGER AGREEMENT

* UNDER DEAL, HEARTLAND SHAREHOLDERS TO RECEIVE 3.90 SHARES

OF

GERMAN AMERICAN COMMON STOCK FOR EACH SHARE OF HEARTLAND COMMON

STOCK

* AGGREGATE TRANSACTION VALUE WOULD BE ABOUT $330.2 MILLION

* PROPOSED DEAL FOR ABOUT $330.2 MILLION

* DEAL TO BE MATERIALLY ACCRETIVE TO GERMAN AMERICAN'S

EARNINGS

PER SHARE DURING 12 MONTHS FOLLOWING DEAL CLOSE

Source text for Eikon:

Further company coverage:

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