First Financial Corporation and First Illinois Corporation Sign Merger Agreement
First Financial Corporation signed a definitive agreement to acquire First Illinois Corporation in a stock and cash transaction valued at approximately $111.3 million. The merger consideration consists of 70% stock and 30% cash, offering First Illinois shareholders 0.5727 shares of First Financial stock or $44.35 in cash per share.
Key figures
- Deal Value Usd
- $111.3 million
- Target loans
- $438 million
- Target assets
- $717 million
- Combined loans
- $4.9 billion
- Exchange ratio
- 0.5727 shares of THFF per share
- Combined assets
- $6.9 billion
- Target deposits
- $627 million
- Combined deposits
- $5.5 billion
- Cash consideration
- $44.35
- Filer stock price ref
- $79.07
- Transaction structure
- 70% stock, 30% cash
- Implied price per share
- $45.00
AI analysis
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