Business First Bancshares Enters Agreement To Acquire Oakwood Bancshares In All-Stock Transaction For Consideration Of ~$85.7M; Expected To Close In Q4
Portfolio Pulse from Benzinga Newsdesk
Business First Bancshares has agreed to acquire Oakwood Bancshares in an all-stock transaction valued at approximately $85.7 million, with the deal expected to close in the fourth quarter.

April 25, 2024 | 9:01 pm
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Business First Bancshares' acquisition of Oakwood Bancshares for ~$85.7M in stock could impact its stock price due to the strategic expansion.
The acquisition of Oakwood Bancshares by Business First Bancshares represents a significant strategic move, likely aimed at expanding its market presence and financial portfolio. Such acquisitions typically generate positive market sentiment in the short term, as they can lead to synergies that improve financial performance and growth prospects. However, the impact on the stock price will also depend on the details of the deal, market conditions, and investor perceptions of the acquisition's long-term value.
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