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BRIEF-Renasant Says Proposed Deal For All-Stock Transaction Valued At About $1.2 Bln
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BRIEF-Renasant Says Proposed Deal For All-Stock Transaction Valued At About $1.2 Bln
Jul 29, 2024 2:04 PM

July 29 (Reuters) - Renasant Corp ( RNST ):

* RENASANT CORPORATION TO ACQUIRE THE FIRST BANCSHARES, INC.

* RENASANT CORP ( RNST ) - PROPOSED DEAL FOR ALL-STOCK TRANSACTION

VALUED

AT APPROXIMATELY $1.2 BILLION

* RENASANT CORP ( RNST ): MERGER HAS BEEN APPROVED UNANIMOUSLY BY

EACH

COMPANY'S BOARD OF DIRECTORS AND IS EXPECTED TO CLOSE IN H1 2025

* RENASANT CORP ( RNST ) - UNDER DEAL, SHAREHOLDERS OF FIRST WILL

RECEIVE

1.00 SHARE OF RENASANT COMMON STOCK FOR EACH SHARE OF FIRST

COMMON STOCK

* RENASANT CORP ( RNST ): MERGER EXPECTED TO BE IMMEDIATELY ACCRETIVE

TO

RENASANT'S ESTIMATED EARNINGS PER SHARE

Source text for Eikon:

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