EFBI Shareholders Will Have The Opportunity To Elect To Receive Either 1.1401 Shares Of LCNB Stock Or $19.10 Per Share In Cash For Each Share Of EFBI Common Stock Owned
Portfolio Pulse from Benzinga Newsdesk
Shareholders of Eagle Financial Bancorp, Inc. (EFBI) will be able to choose between receiving 1.1401 shares of LCNB Corp. (LCNB) stock or $19.10 in cash for each share of EFBI they own as part of a new election opportunity.
November 29, 2023 | 1:47 pm
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POSITIVE IMPACT
EFBI shareholders have the option to elect to receive 1.1401 shares of LCNB or $19.10 in cash for each EFBI share, indicating a potential acquisition or merger event.
The news directly pertains to EFBI shareholders and their investment in the company. The option to elect for shares or cash could indicate a positive outlook on the merger or acquisition with LCNB, potentially increasing EFBI's stock price in the short term as investors react to the favorable terms.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
LCNB Corp. is involved in a potential acquisition or merger with EFBI, offering 1.1401 shares of its stock for each EFBI share.
LCNB's involvement in the potential acquisition or merger with EFBI could have a neutral to slightly positive short term impact on its stock price. The offer may be viewed as a strategic move to grow the company, but the dilution of shares and the cost of acquisition need to be considered by investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80