|
|
Article: Merchants and Manufacturers Bancorporation, Inc. Completes the Acquisition Of Reedsburg Bancorporation, Inc.
- Article from:
- PR Newswire
- Article date:
- November 3, 2003
|
Copyright informationCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Merchants and Manufacturers Bancorporation, Inc. ("Merchants") and Reedsburg Bancorporation, Inc. ("Reedsburg") announced today that the two organizations have completed the acquisition of Reedsburg by Merchants. The shareholders of Reedsburg overwhelmingly approved the acquisition at a special meeting held on October 30, 2003.
Under the terms of the merger, Reedsburg shareholders will receive $900 per share, resulting in an aggregate value of $36 million. Shareholders will receive a combination of approximately 85% cash and notes and 15% Merchants stock. Merchants will issue up to $20 million of the total consideration in notes. The daily average price of Merchants ...
Related newspaper, magazine, and journal articles:
|