BRIEF-United Bankshares To Acquire Piedmont Bancorp, Inc.-March 2024-www.financetom.com

BRIEF-United Bankshares To Acquire Piedmont Bancorp, Inc.

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BRIEF-United Bankshares To Acquire Piedmont Bancorp, Inc.

May 10, 2024 5:27 AM

May 10 (Reuters) - United Bankshares Inc ( UBSI ):

* UNITED BANKSHARES, INC. ( UBSI ) TO ACQUIRE PIEDMONT BANCORP, INC.

* UNITED BANKSHARES INC ( UBSI ) - PROPOSED DEAL FOR EXCHANGE RATIO

WILL BE

FIXED AT 0.300 OF UNITED'S SHARES FOR EACH SHARE OF PIEDMONT

* UNITED BANKSHARES INC ( UBSI ) - UNITED WILL ACQUIRE 100% OF

OUTSTANDING

SHARES OF PIEDMONT IN EXCHANGE FOR COMMON SHARES OF UNITED

* UNITED BANKSHARES INC ( UBSI ) - UNITED WILL ACQUIRE 100% OF

OUTSTANDING

SHARES OF PIEDMONT IN AN AGGREGATE TRANSACTION VALUE OF

APPROXIMATELY $267 MILLION

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