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BRIEF-Wesbanco Announces Merger With Premier Financial Corp
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BRIEF-Wesbanco Announces Merger With Premier Financial Corp
Jul 26, 2024 5:42 AM

July 26 (Reuters) - Wesbanco Inc ( WSBC ):

* WESBANCO, INC. ( WSBC ) ANNOUNCES TRANSFORMATIVE MERGER WITH

PREMIER

FINANCIAL CORP.

* MERGER VALUED AT $959 MILLION

* PROPOSED DEAL FOR CONSIDERATION VALUED AT APPROXIMATELY

$959

MILLION, OR $26.66 PER SHARE

* ENTERED INTO SUBSCRIPTION AGREEMENTS WITH INVESTORS TO

RAISE

CAPITAL TO SUPPORT MERGER

* ANNOUNCES $200 MILLION IN CAPITAL COMMITMENTS IN SUPPORT

OF

MERGER

* PREMIER SHAREHOLDERS TO OWN 30% OF COMBINED COMPANY

* $125 MILLION INVESTMENT FROM WELLINGTON MANAGEMENT TO

SUPPORT

MERGER

Source text for Eikon:

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