First Financial Bancorp To Acquire Munster-Based Finward In An All-Stock Transaction; Under The Terms Of The Agreement, Each Outstanding Share Of Finward Common Stock Will Be Converted Into The Right To Receive 1.35 Shares Of First Financial Common Stock, Valuing The Transaction At ~ $208M
First Financial Bancorp. (NASDAQ:FFBC) and Finward Bancorp (NASDAQ:FNWD) jointly announced today that they have entered into an agreement by which First Financial will acquire Munster-based Finward in an all-stock
First Financial is buying another bank called Finward by offering its own stock. This means Finward shareholders will own a piece of the bigger combined company instead of their own separate bank.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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