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Article: Calumet Bancorp, Inc. Plans to Merge With FBOP Corporation
- Article from:
- PR Newswire
- Article date:
- September 9, 1998
CopyrightCOPYRIGHT 1998 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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DOLTON, Ill., Sept. 9 /PRNewswire/ -- Calumet Bancorp, Inc. (Nasdaq: CBCI), announced today that a definitive agreement has been signed pursuant to which FBOP Corporation will acquire, for cash, all of the outstanding stock of Calumet in a transaction valued at approximately $111.6 million, or $32.00 per fully diluted share, after deducting Calumet's merger-related expenses.
The transaction is expected to be completed during the first quarter of 1999, and is subject to the approvals of regulatory agencies and Calumet's shareholders, and to the satisfaction of certain normal contractual closing conditions.
As of June 30, 1998, Calumet Bancorp, Inc. reported ...