Peoples Bancorp agrees to buy Capital Bancorp in $728.1 million stock deal
Peoples Bancorp will acquire Capital Bancorp in an all-stock deal valued at about $728.1 million, with Capital holders receiving 1.11 shares of Peoples per share.
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11:10:58 AM UTC
SquawkNews
Capital Bancorp Inc: Peoples Bancorp Inc. And Capital Bancorp, Inc. Announce Merger Agreement Peoples Bancorp - To Buy Capital Bancorp In All-stock Deal Peoples Bancorp - Deal Valued At $43.75 Per Share Based On $39.41 Price Peoples Bancorp - Capital Shareholders To Receive 1.11 Shares Of Peoples For Each Capital Share Peoples Bancorp - Deal Valued At About $728.10 Million Peoples Bancorp - Three Capital Board Members Expected To Join Peoples Board After Closing Peoples Bancorp - Former Capital Shareholders To Own About 32% Of Peoples After Merger Peoples Bancorp - Deal Expected To Be Accretive To Peoples' Estimated Earnings In 2027 Before One-time Costs Source text:... Further company coverage: CBNK.O
11:12:15 AM UTC
SquawkNews
Sept 30 (Reuters) — Capital Bancorp Inc: Peoples Bancorp Inc - Capital Will Be Required To Pay Peoples Termination Fee Of $30.66 Million If Deal Terminated Under Certain Conditions Source text:... Further company coverage: CBNK.O (Reuters.Briefs@thomsonreuters.com;;)