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BRIEF-Citizens Community Bancorp, Wells Financial to merge in a transaction valued at about $39.8 mln
March 17, 2017 / 8:58 PM / 7 months ago

BRIEF-Citizens Community Bancorp, Wells Financial to merge in a transaction valued at about $39.8 mln

March 17 (Reuters) - Citizens Community Bancorp Inc :

* Citizens Community Bancorp Inc and Wells Financial Corp to merge

* Citizens Community Bancorp Inc and Wells Financial Corp to merge

* Citizens Community Bancorp Inc says stock and cash transaction valued at approximately $39.8 million

* Says shareholders of wells will receive total consideration of $51.00 per share

* Citizens Community Bancorp - expect merger to close early in third calendar quarter of 2017, and to be accretive to earnings in fiscal year 2018

* Citizens community- deal consideration consist of $41.31 in cash, balance will consist of 0.7636 shares of co’s shares for each share of wells stock Source text for Eikon: Further company coverage:

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