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BRIEF-UMB Agrees To Acquire Heartland Financial
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BRIEF-UMB Agrees To Acquire Heartland Financial
Apr 29, 2024 4:58 AM

April 29 (Reuters) - Heartland Financial USA Inc ( HTLF )

:

* UMB ANNOUNCES AGREEMENT TO ACQUIRE HEARTLAND FINANCIAL

* UMB FINANCIAL CORP ( UMBF ) - PROPOSED DEAL FOR ALL-STOCK

TRANSACTION

VALUED AT APPROXIMATELY $2.0 BILLION.

* UMB FINANCIAL CORP ( UMBF ) - DEAL APPROVED BY BOARDS OF DIRECTORS

OF

EACH COMPANY

* UMB FINANCIAL CORP ( UMBF ) - PROPOSED DEAL FOR PER SHARE

CONSIDERATION

IS VALUED AT $45.74 PER SHARE

* UMB FINANCIAL CORP ( UMBF ) - AT CLOSING OF TRANSACTION, FIVE

MEMBERS OF

HTLF BOARD OF DIRECTORS WILL JOIN UMB BOARD, WHICH WILL BE

EXPANDED TO 16 MEMBERS

* UMB FINANCIAL CORP ( UMBF ): FOLLOWING COMPLETION , FORMER HTLF

STOCKHOLDERS ARE EXPECTED TO COLLECTIVELY REPRESENT ABOUT 31% OF

COMBINED CO

* UMB FINANCIAL CORP ( UMBF ): HTLF STOCKHOLDERS WILL RECEIVE A FIXED

EXCHANGE RATIO OF 0.55 SHARES OF UMB COMMON STOCK FOR EACH SHARE

OF HTLF COMMON STOCK

Source text for Eikon:

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