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
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