First Busey, Merchants And Manufacturers Bank Corp Agree To Merge; Aggregate Implied Transaction Value Is Approximately $41.6M
Portfolio Pulse from Benzinga Newsdesk
First Busey Corporation has agreed to merge with Merchants And Manufacturers Bank Corp in a deal valued at approximately $41.6 million. M&M's stockholders can choose to receive cash, Busey common stock, or a combination of both as part of the merger terms.
November 27, 2023 | 10:03 pm
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First Busey Corporation's merger with M&M could lead to potential synergies and growth opportunities, with an implied transaction value of $41.6M.
The merger is likely to be viewed positively by investors as it could result in increased market share and potential cost synergies. The deal provides a clear growth narrative for First Busey Corporation, which may lead to a short-term increase in its stock price.
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