Reported Late Tuesday, Central Valley Community Bancorp And Community West Bancshares To Merger In $99.4M All-Stock Merger Deal
Portfolio Pulse from Benzinga Newsdesk
Central Valley Community Bancorp (CVCY) and Community West Bancshares (CWBC) have agreed to a $99.4M all-stock merger deal. CWBC shareholders will receive 0.79 shares of CVCY for each CWBC share. The value of the merger will fluctuate based on CVCY's stock price. CVCY will also assume CWBC's outstanding stock options.
October 11, 2023 | 6:47 am
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NEUTRAL IMPACT
CVCY is merging with CWBC in an all-stock deal. The value of the merger will fluctuate with CVCY's stock price. CVCY will also assume CWBC's outstanding stock options.
The merger could potentially increase CVCY's market share and customer base. However, the impact on the stock price is uncertain as it will depend on the market's reaction to the merger and the future performance of the combined entity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
CWBC is merging with CVCY in an all-stock deal. CWBC shareholders will receive 0.79 shares of CVCY for each CWBC share.
The merger could potentially provide CWBC shareholders with increased value, as they will receive shares of CVCY. However, the impact on the stock price is uncertain as it will depend on the market's reaction to the merger and the future performance of the combined entity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100