Dec 17 (Reuters) - Northwest Bancshares Inc ( NWBI ):

* NORTHWEST BANCSHARES, INC. ( NWBI ) ANNOUNCES AGREEMENT TO ACQUIRE

PENNS

WOODS BANCORP, INC.

* NORTHWEST BANCSHARES INC ( NWBI ): PROPOSED DEAL FOR $270.4 MILLION

* NORTHWEST BANCSHARES ( NWBI ): PENNS WOODS SHAREHOLDERS TO BE

ENTITLED TO

GET 2.385 SHARES OF NORTHWEST COMMON STOCK FOR EACH PENNS WOODS

SHARE

* NORTHWEST BANCSHARES INC ( NWBI ): TRANSACTION CONSIDERATION VALUED

AT

$34.44 FOR EACH SHARE OF PENNS WOODS

* NORTHWEST BANCSHARES INC ( NWBI ): SEES DEAL TO BE ABOUT 23%

ACCRETIVE TO

2026 FULLY DILUTED EPS

Source text:

Further company coverage: