Edition:
United Kingdom

United Community Banks And NLFC Holdings Corp Announce Merger Agreement


Monday, 8 Jan 2018 

Jan 8 (Reuters) - United Community Banks Inc ::UNITED COMMUNITY BANKS INC AND NLFC HOLDINGS CORP, THE PARENT OF NAVITAS CREDIT CORP, ANNOUNCE MERGER AGREEMENT.UNITED COMMUNITY BANKS INC - TRANSACTION VALUE IS ESTIMATED TO TOTAL APPROXIMATELY $130 MILLION.UNITED COMMUNITY BANKS - DEAL EXPECTED TO BE ACCRETIVE TO CO'S EPS BY ABOUT $0.20 IN FIRST FULL YEAR OF OPERATIONS.UNITED COMMUNITY BANKS - 35% OF DEAL CONSIDERATION TO BE PAID IN CO'S STOCK AND 65% TO BE PAID IN CASH.