March 9, 2018 / 2:09 AM / 3 months ago

BRIEF-Heritage Financial to buy Premier Commercial for about $88.6 mln

March 8 (Reuters) - Heritage Financial Corp:

* ORATION TO ACQUIRE PREMIER COMMERCIAL BANCORP

* ‍HERITAGE WILL ACQUIRE PREMIER IN AN ALL-STOCK TRANSACTION VALUED AT APPROXIMATELY $88.6 MILLION, OR $15.12 PER SHARE​

* PREMIER SHAREHOLDERS WILL RECEIVE 0.4863 SHARES OF HERITAGE COMMON STOCK FOR EACH SHARE OF PREMIER COMMON STOCK

* ‍UPON CONSUMMATION, SHAREHOLDERS OF PREMIER WILL OWN APPROXIMATELY 7.7% OF COMBINED COMPANY​ Source text for Eikon: Further company coverage:

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