ChoiceOne Financial Services Announces Merger With Fentura Financial; Transaction Is Valued At $40.18 Per Share Of Fentura Common Stock, Or ~$180.4M
Portfolio Pulse from Benzinga Newsdesk
ChoiceOne Financial Services (COFS) has announced a merger with Fentura Financial (FETM), valuing the transaction at $40.18 per share of Fentura common stock, or approximately $180.4 million. Each share of Fentura common stock will be converted into 1.35 shares of ChoiceOne common stock.
July 25, 2024 | 12:09 pm
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ChoiceOne Financial Services (COFS) has announced a merger with Fentura Financial (FETM), valuing the transaction at $40.18 per share of Fentura common stock, or approximately $180.4 million. Each share of Fentura common stock will be converted into 1.35 shares of ChoiceOne common stock.
The merger is likely to be seen positively by investors as it expands ChoiceOne's market presence and could lead to synergies and cost savings.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
ChoiceOne Financial Services (COFS) has announced a merger with Fentura Financial (FETM), valuing the transaction at $40.18 per share of Fentura common stock, or approximately $180.4 million. Each share of Fentura common stock will be converted into 1.35 shares of ChoiceOne common stock.
Fentura shareholders are likely to benefit from the merger as they receive a premium on their shares and gain exposure to ChoiceOne's stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100