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Stock impact report

BRIEF-CVB Financial And Community Bank Announce Agreement To Merge [Reuters]

CVB Financial Corporation (CVBF) 
Last cvb financial corporation earnings: 4/22 04:50 pm Check Earnings Report
Company Research Source: Reuters
BRIEF-CVB Financial And Community Bank Announce Agreement To Merge | Reuters Reuters Staff 1 Min Read Feb 26 (Reuters) - CVB Financial Corp: * ?ENTERED INTO AN AGREEMENT PURSUANT TO WHICH COMMUNITY WILL MERGE WITH AND INTO CITIZENS IN A STOCK AND CASH TRANSACTION * ?STOCK AND CASH TRANSACTION VALUED AT APPROXIMATELY $878.3 MILLION, BASED ON CVBF‘S CLOSING STOCK PRICE OF $23.37 ON FEB 23 * ?CVBF EXPECTS MERGER TO RESULT IN APPROXIMATELY 12% EARNINGS PER SHARE ACCRETION IN 2019, EXCLUDING ONE-TIME TRANSACTION COSTS * ?AT CLOSING, MARSHALL V. LAITSCH, CHAIRMAN OF BOARD OF COMMUNITY, WILL JOIN BOARD OF CVBF * CVB FINANCIAL - ?PURSUANT TO AGREEMENT, EACH SHARE OF COMMUNITY COMMON STOCK TO RECEIVE CONSIDERATION OF 9.4595 SHARES OF CO STOCK AND $56/SHARE IN CASH * ?BOARDS OF DIRECTORS OF COMMUNITY, CVBF AND CITIZENS HAVE APPROVED PROPOSED MERGER? Source text for Eikon: Further company coverage: All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delay Show less Read more
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