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Bank of Ozarks Inc announces agreement to acquire Bancshares Inc

Monday, 9 Dec 2013 04:30pm EST 

Bank of Ozarks Inc:Enters into a definitive agreement and plan of merger with Bancshares Inc. in Houston, Texas.Says according to the terms of the Agreement, Bank of the Ozarks, Inc. will acquire all of the outstanding common stock of Bancshares in a transaction valued at about $23 mln, subject to potential adjustments.Says closing of the transaction is expected to be accretive to the company`s diluted earnings per common share immediately thereafter.Says transaction is expected to close during the first quarter of 2014. 

Company Quote

-0.8 -1.74%
2 Jul 2015