Atlantic Union Bankshares Discloses An Agreement To Acquire American National Bankshares Inc. For Approximately $416.8M
Portfolio Pulse from Benzinga Newsdesk
Atlantic Union Bankshares has announced an agreement to acquire American National Bankshares Inc. for approximately $416.8M. Each share of American National common stock will be converted into 1.35 shares of Atlantic Union common stock, valuing the transaction at $39.23 per share.
July 25, 2023 | 11:40 am
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Atlantic Union Bankshares is acquiring American National Bankshares, which could potentially increase its market share and revenues.
Acquisitions often lead to an increase in market share and potential revenue growth. However, the impact on the stock price can vary depending on the market's perception of the deal's value and the acquiring company's ability to successfully integrate the acquired company.
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