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Home BancShares Inc Completes Acquisition Of Liberty Bancshares, Inc-Form 8-K


Thursday, 24 Oct 2013 12:07pm EDT 

Home BancShares Inc reported in its Form 8-K that on October 24, 2013, Home BancShares, Inc. (Home or the Registrant), parent company of Centennial Bank (Centennial), completed its acquisition of Liberty Bancshares, Inc. (Liberty), parent company of Liberty Bank of Arkansas (Liberty Bank), pursuant to a previously announced definitive agreement and plan of merger whereby a wholly-owned acquisition subsidiary (Acquisition Sub) of Home merged with and into Liberty, resulting in Liberty becoming a wholly-owned subsidiary of Home. Immediately thereafter, Liberty Bank was merged into Centennial. Under the terms of the Agreement and Plan of Merger dated June 25, 2013 by and among Home, Centennial, Liberty, Liberty Bank and Acquisition Sub (the Merger Agreement), Home will issue approximately 8,764,242 shares of its common stock valued at approximately $290.1 million as of October 23, 2013, plus $30.0 million in cash in exchange for all outstanding shares of Liberty common stock. 

Company Quote

31.41
-0.33 -1.04%
22 Sep 2014