Offer recommendations about the target firm valuation, and the maximum premium to be offered . And include
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Date Announced | Date Effective | Target Name | Acquiror Name | Synopsis | Value of Transaction ($mil) |
12/17/15 | 06/24/16 | Monarch Financial Holdings Inc | TowneBank,Portsmouth,Virginia | US - Portsmouth-based TowneBank merged with Chesapeake-based Monarch Financial Holdings Inc (Monarch), in a stock swap transaction valued at USD 220. 212 mil. TowneBank offered 0. 883 common shares per Monarch share. Based on TowneBank's closing stock price of USD 21. 03 on December 16, the last full trading day prior to the announcement, each Monarch share was valued at USD 18.57. This transaction is Tax- Exempt under IRC s386. | 220.212 |
Related Book For
Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott
Posted Date: