National Bankshares, Inc. Announces Agreement To Acquire Frontier Community Bank; Frontier Will Have Right To Receive Either 0.4250 Shares Of National Bankshares Stock Of $14.48 In Cash Per Frontier Share
Portfolio Pulse from Benzinga Newsdesk
National Bankshares, Inc. has entered into an agreement to acquire Frontier Community Bank. As part of the deal, Frontier shareholders can opt to receive either 0.4250 shares of National Bankshares stock or $14.48 in cash for each share of Frontier they own.
January 24, 2024 | 1:33 pm
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National Bankshares, Inc. is acquiring Frontier Community Bank, which could lead to potential growth and expansion, offering Frontier shareholders 0.4250 shares of NKSH or $14.48 cash per share.
The acquisition of Frontier Community Bank by National Bankshares, Inc. is likely to be viewed positively by investors as it indicates growth and expansion. The offer to Frontier shareholders is generous and could make the deal attractive, potentially leading to a short-term increase in NKSH stock price.
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