PacWest Stockholders To Receive 0.6569 Of Share Of Banc Of California Common Stock For Each Share Of PacWest Common Stock
Portfolio Pulse from Benzinga Newsdesk
PacWest Bancorp's stockholders will receive 0.6569 of a share of Banc of California common stock for each share of PacWest common stock they own.
July 25, 2023 | 8:09 pm
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NEUTRAL IMPACT
Banc of California's stock may be impacted as they will be issuing new shares to PacWest Bancorp's stockholders.
The issuance of new shares can dilute the value of existing shares. However, the impact will depend on the market's perception of the deal's value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
PacWest Bancorp's stockholders will receive Banc of California's common stock, which may impact the value of their holdings.
The value of the Banc of California's shares received by PacWest Bancorp's stockholders will depend on Banc of California's stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80