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.
總部位於賓夕法尼亞州布里斯托爾市的William Penn在賓夕法尼亞州和新澤西州共有12家分支機構。截至2024年9月30日，William Penn的總資產約爲$81200萬，總貸款爲$46500萬，總存款爲$63000萬。
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.
根據2024年9月30日的財務數據，合併將創建一個擁有約$63億總資產、$49億總貸款和$53億總存款的強大綜合社區銀行特許經營權。
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.
根據併購協議的條款，William Penn的股東將每持有一股William Penn普通股獲得0.4260股Mid Penn普通股。另外，William Penn的所有期權將合併爲Mid Penn的等值期權。
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.
根據2024年10月30日Mid Penn每股收盤價爲$31.88，暗示的交易價值約爲每股$13.58，或合計$12700萬。