Edition:
United Kingdom

OceanFirst Financial Corp To Acquire Capital Bank Of New Jersey


Thursday, 25 Oct 2018 

Oct 25 (Reuters) - OceanFirst Financial Corp ::OCEANFIRST FINANCIAL CORP. ANNOUNCES AGREEMENT TO ACQUIRE CAPITAL BANK OF NEW JERSEY.OCEANFIRST FINANCIAL CORP - TRANSACTION IS VALUED AT APPROXIMATELY $31.33 PER CAPITAL BANK COMMON SHARE.OCEANFIRST FINANCIAL - TRANSACTION IS VALUED AT APPROXIMATELY $80.0 MILLION IN AGGREGATE.OCEANFIRST FINANCIAL CORP - AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES.OCEANFIRST FINANCIAL CORP - TRANSACTION IS EXPECTED TO RESULT IN EARNINGS PER SHARE ACCRETION OF APPROXIMATELY 2.0% IN 2020.OCEANFIRST FINANCIAL - ON COMPLETION OF DEAL CAPITAL BANK SHAREHOLDERS ENTITLED TO RECEIVE 1.25 SHARES OF CO PER SHARE OF CAPITAL BANK COMMON STOCK. 

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