FirstSun Capital Bancorp and HomeStreet, Inc. Amend Merger Agreement
HomeStreet, Inc. (HMST)
Last homestreet, inc. earnings: 4/27 04:03 pm
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US:NASDAQ Investor Relations:
ir.homestreet.com
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Source: Business Wire
DENVER & SEATTLE--(BUSINESS WIRE)--FirstSun Capital Bancorp (OTCQX: FSUN) (“FirstSun”) and HomeStreet, Inc. (“HomeStreet”) (Nasdaq: HMST) today announced that they have mutually agreed to amend their definitive merger agreement that was entered into on January 16, 2024.The amendment provides for, among other things:an increase in FirstSun’s total equity capital raised in connection with the merger of an additional $45 million to $60 million, resulting in an increase from an aggregate capital raise of $175 million to up to $235 million (as further discussed below);a revised exchange ratio pursuant to which HomeStreet shareholders will receive 0.3867 shares (revised from 0.4345 shares under the original merger agreement) of FirstSun common stock for each share of HomeStreet common stock, which represents a value of $13.53 per share (based on the closing price per share of FirstSun shares on April 29, 2024);a reduced termination fee payable by HomeStreet in certain circumstances if H
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HMST
News
- HomeStreet, Inc. (NASDAQ: HMST) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- HomeStreet, Inc. (NASDAQ: HMST) had its price target lowered by analysts at Keefe, Bruyette & Woods from $15.50 to $13.50. They now have a "market perform" rating on the stock.MarketBeat
- HomeStreet, Inc. (NASDAQ: HMST) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Compared to Estimates, HomeStreet (HMST) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- HomeStreet Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
HMST
Earnings
- 4/30/24 - Miss
HMST
Sec Filings
- 5/10/24 - Form 425
- 5/9/24 - Form 425
- 5/9/24 - Form 10-Q
- HMST's page on the SEC website