Brief: Home Federal Bancorp Of Louisiana Announces Agreement To Acquire Northwest Bancshares Corp.
04/10/2022 21:05
Oct 4 (Reuters) - Home Federal Bancorp Inc of Louisiana
HFBL.O :
* HOME FEDERAL BANCORP, INC. OF LOUISIANA ANNOUNCES
AGREEMENT TO
ACQUIRE NORTHWEST BANCSHARES CORPORATION
* HOME FEDERAL BANCORP INC OF LOUISIANA - NORTHWEST
BANCSHARES
SHAREHOLDERS WILL RECEIVE PRO RATA PORTION OF AGGREGATE
CONSIDERATION EQUAL TO $4.25 MILLION
* HOME FEDERAL BANCORP INC OF LOUISIANA - SHAREHOLDERS OF
NORTHWEST BANCSHARES WILL ALSO RECEIVE SUM OF 8.0% OF TOTAL
ASSETS OF NORTHWEST BANCSHARES
* HOME FEDERAL BANCORP INC OF LOUISIANA - PARTIES CURRENTLY
ESTIMATE THAT AGGREGATE MERGER CONSIDERATION WILL BE
APPROXIMATELY $10.1 MILLION
* HOME FEDERAL BANCORP INC OF LOUISIANA - ANTICIPATES
TRANSACTION
WILL BE OVER 20% ACCRETIVE TO EARNINGS PER SHARE AFTER COST
SAVINGS ARE FULLY REALIZED
* HOME FEDERAL BANCORP INC OF LOUISIANA - ANTICIPATES
TRANSACTION
WILL BE ACCRETIVE TO TANGIBLE BOOK VALUE PER SHARE IN ABOUT
THREE YEARS OF CLOSING
Source text for Eikon: ID:nGNX11mbJW
Further company coverage: HFBL.O
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