Edition:
United Kingdom

S&T Bancorp And DNB Financial Corp Announce Merger


Wednesday, 5 Jun 2019 

June 5 (Reuters) - DNB Financial Corp ::S&T BANCORP, INC. AND DNB FINANCIAL CORPORATION ANNOUNCE MERGER.DNB FINANCIAL CORP - TRANSACTION WILL HAVE AN AGGREGATE VALUE OF APPROXIMATELY $206 MILLION, OR $47.28 PER SHARE.DNB FINANCIAL CORP - EXPECTS MERGER TO BE ACCRETIVE TO EARNINGS PER SHARE IN 2020.DNB FINANCIAL CORP - S&T WILL ACQUIRE DNB IN AN ALL-STOCK TRANSACTION..DNB FINANCIAL CORP - S&T EXPECTS MERGER TO BE ACCRETIVE TO EARNINGS PER SHARE IN 2020..DNB FINANCIAL CORP - TRANSACTION IS EXPECTED TO BE A TAX-FREE EXCHANGE TO SHAREHOLDERS OF DNB..DNB FINANCIAL - TERMS OF MERGER AGREEMENT HAVE BEEN UNANIMOUSLY APPROVED BY BOARDS OF BOTH COS.DNB FINANCIAL CORP - DNB SHAREHOLDERS WILL RECEIVE 1.22 SHARES OF S&T STOCK FOR EACH SHARE OF DNB STOCK. 

Company Quote

34.05
-1.24 -3.51%
23 Aug 2019