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Article: Oak Hill Financial, Inc. and Lawrence Financial Holdings, Inc. Sign Definitive Merger Agreement.
- Article from:
- PR Newswire
- Article date:
- October 12, 2004
CopyrightCOPYRIGHT 2004 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)
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Oak Hill Financial, Inc. and Lawrence Financial Holdings, Inc. jointly announced today the signing of a definitive agreement to merge Lawrence Financial with and into Oak Hill.
Under the terms of the agreement, stockholders of Lawrence Financial will be entitled to elect to receive, in exchange for each share of Lawrence Financial common stock held, either $23.75 in cash or an equivalent amount in shares of Oak Hill common stock (based upon the average of the last sales price of Oak Hill common stock for the 20 most recent full trading days ending at the close of trading four business days prior to the merger), or a combination thereof. This is subject to ...