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Peoples Bancorp Inc announces acquisition of NB&T Financial Group Inc

Monday, 4 Aug 2014 04:45pm EDT 

Peoples Bancorp Inc:Says the company and NB&T Financial Group Inc(NBTF)., jointly announced that the signing of a definitive merger agreement under which Peoples will acquire NBTF through a stock and cash merger.Under the terms of the agreement, shareholders of NBTF will receive 0.9319 shares of Peoples common stock and $7.75 in cash for each share of NBTF common stock.Based upon the volume weighted average closing price of Peoples' common stock for the twenty trading days ending Aug. 1 , the transaction is valued at $31.00 per share or about $109 million in aggregate, including payment in cash for outstanding options.Expects the acquisition of NBTF to be completed late in the fourth quarter of 2014. 

Company Quote

-0.05 -0.22%
29 May 2015