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Southern Missouri Bancorp, Inc and Peoples Service Company announces agreement to merge

Tuesday, 25 Feb 2014 08:36pm EST 

Southern Missouri Bancorp, Inc:Announced the signing of a definitive merger agreement to acquire Peoples Service Company in a stock and cash transaction.Says the minority shareholders of peoples Banking Company will be entitled to receive the merger consideration payable under the terms of the merger agreement.Under the terms of the merger agreement, Peoples Service Company shareholders will receive 0.3289 shares of Southern Missouri common stock and $10.90 in cash.Says as part of the merger, Southern Missouri will also assume about $6.5 million in subordinated debt and retire $2.9 million in other debt. 

Company Quote

-1.45 -3.82%
19 Dec 2014