William Penn To Merge With And Into Mid Penn Bancorp In An All-stock Transaction Valued At Approximately $127M
William Penn To Merge With And Into Mid Penn Bancorp In An All-stock Transaction Valued At Approximately $127M
Based on Mid Penn's closing stock price of $31.88 per share as of October 30, 2024, the implied transaction value is approximately $13.58 per William Penn share, or $127 million, in the aggregate.Headquartered in Bristol, Pennsylvania, William Penn operates 12 branches across Pennsylvania and New Jersey. As of September 30, 2024, William Penn had approximately $812 million in total assets, $465 million in total loans and $630 million in total deposits.
总部位于宾夕法尼亚州布里斯托尔市的William Penn在宾夕法尼亚州和新泽西州共有12家分支机构。截至2024年9月30日，William Penn的总资产约为$81200万，总贷款为$46500万，总存款为$63000万。
The Merger will create a powerful combined community banking franchise with approximately $6.3 billion in total assets, $4.9 billion in total loans and $5.3 billion in total deposits, based on financial data as of September 30, 2024.
根据2024年9月30日的财务数据，合并将创建一个拥有约$63亿总资产、$49亿总贷款和$53亿总存款的强大综合社区银行特许经营权。
According to the terms of the merger agreement, shareholders of William Penn will receive 0.4260 shares of Mid Penn common stock for each share of William Penn common stock. Additionally, all options of William Penn will be rolled into Mid Penn equivalent options.
根据并购协议的条款，William Penn的股东将每持有一股William Penn普通股获得0.4260股Mid Penn普通股。另外，William Penn的所有期权将合并为Mid Penn的等值期权。
Based on Mid Penn's closing stock price of $31.88 per share as of October 30, 2024, the implied transaction value is approximately $13.58 per William Penn share, or $127 million, in the aggregate.
根据2024年10月30日Mid Penn每股收盘价为$31.88，暗示的交易价值约为每股$13.58，或合计$12700万。
