April 12, 2017 / 2:19 AM / 6 months ago

BRIEF-Washington Federal to buy Anchor Bancorp for $63.9 mln in stock

April 11 (Reuters) - Washington Federal Inc:

* Washington Federal, Inc. to acquire Anchor Bancorp for $63.9 million in stock

* Washington Federal - transaction is expected to be immediately accretive to Washington Federal’s tangible book value per share by $0.19 per share

* Transaction estimated to be accretive to earnings per share by $0.05 per year once fully integrated

* Washington Federal Inc - under terms, each outstanding share of Anchor common stock will be exchanged for shares of Washington Federal common stock Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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