UMB Financial Corporation To Acquire Heartland Financial USA In All-Stock Transaction Valued At ~$2B; HTLF Stockholders to Receive Fixed Exchange Ratio Of 0.55 Shares Of UMB Stock For Each Share Of HTLF, Per Share Consideration Valued At $45.74 Per Share
Portfolio Pulse from Benzinga Newsdesk
UMB Financial Corporation is set to acquire Heartland Financial USA in an all-stock transaction valued at approximately $2 billion. HTLF stockholders will receive a fixed exchange ratio of 0.55 shares of UMB stock for each share of HTLF, with the per-share consideration valued at $45.74.
April 29, 2024 | 11:33 am
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NEUTRAL IMPACT
UMB Financial Corporation is acquiring Heartland Financial USA in an all-stock transaction valued at approximately $2 billion, offering 0.55 shares of its stock for each share of HTLF.
For the acquiring company, UMB Financial Corporation, the short-term stock price impact can be neutral to slightly negative due to the costs associated with the acquisition and the dilution of shares. However, the strategic benefits and potential for long-term growth could offset initial market reactions.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Heartland Financial USA is being acquired by UMB Financial Corporation in an all-stock deal, with HTLF stockholders receiving 0.55 shares of UMB stock for each HTLF share, valuing HTLF shares at $45.74 each.
The acquisition announcement typically leads to a positive short-term price movement for the company being acquired due to the premium offered on the current trading price. The fixed exchange ratio and the per-share consideration provide a clear valuation uplift for HTLF shareholders.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100