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IBERIABANK Corp announces agreement to acquire Teche Holding Co


Monday, 13 Jan 2014 08:30am EST 

IBERIABANK Corp and Teche Holding Co:Says the signing of a definitive agreement for IBERIABANK Corp to acquire Teche Holding Co via merger.Says the proposed merger of Teche with and into IBKC has been approved by the Board of Directors of each company and is expected to close in the second quarter of 2014.Says the completion of the transaction is subject to customary closing conditions, including the receipt of required regulatory approvals and the approval of Teche's shareholders.Says under the terms of the merger agreement, shareholders of Teche will receive 1.162 shares of IBKC common stock for each share of Teche common stock outstanding, subject to certain market price adjustments provided for in the merger agreement.Says Teche was advised by the investment banking firm Sheshunoff & Co. and the law firm of Spidi & Fisch, PC, Washington, DC. IBKC was advised by the investment banking firm Keefe, Bruyette & Woods, Inc. and the law firm of Jones Walker LLP. 

Company Quote

64.5
-0.68 -1.04%
4:00pm EDT