WesBanco Announces Merger With Premier Financial, Premier Shareholders Will Be Entitled To Receive 0.80 Of A Share Of WesBanco Common Stock For Each Share Of Premier Common Stock They Own Upon The Effective Time Of The Merger, For Aggregate Merger Consideration Valued At ~$959M, Or $26.66 Per Share
Portfolio Pulse from Benzinga Newsdesk
WesBanco (NASDAQ: WSBC) and Premier Financial Corp. (NASDAQ: PFC) have announced a merger agreement where Premier shareholders will receive 0.80 shares of WesBanco for each Premier share. The deal is valued at approximately $959 million, or $26.66 per share, creating a regional financial services entity with over $27 billion in assets.
July 26, 2024 | 12:13 pm
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Premier Financial (PFC) is merging with WesBanco (WSBC) in a $959 million all-stock transaction. Premier shareholders will receive 0.80 shares of WesBanco for each Premier share.
The merger provides Premier shareholders with a premium on their shares and the opportunity to be part of a larger financial entity, which is likely to positively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
WesBanco (WSBC) is merging with Premier Financial (PFC) in a $959 million all-stock transaction. This merger will create a regional financial services entity with over $27 billion in assets.
The merger is expected to significantly increase WesBanco's asset base and market presence, which is likely to positively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100