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Independent Bank Group Inc To Acquire BOH Holdings, Inc


Thursday, 21 Nov 2013 05:08pm EST 

Independent Bank Group, Inc announced that Independent Bank Group has entered into a definitive agreement to acquire BOH Holdings, Inc. and its subsidiary, Bank of Houston, Houston, Texas. BOH Holdings through Bank of Houston, operates six full service banking locations throughout the Houston metropolitan area. Under the terms of the Agreement, Independent Bank Group will pay an aggregate transaction value of $170 million. The merger consideration will consist of $34 million cash and 3,616,060 shares of Independent Bank Group common stock determined by Independent Bank Group's 20-day volume weighted average stock price of $37.61. 

Company Quote

44.05
1.25 +2.92%
10:46am EDT