Deal Snapshot
MONITOR BANCORP WINS SHAREHOLDER NOD FOR USD 7.8M FARMERS NATIONAL BANC BUYOUT
Friday 11 August 2017

Shareholders of US-based bank holding company Monitor Bancorp, Inc. have approved the company's deal to be acquired by Ohio, US-based bank holding company Farmers National Banc Corp. (NASDAQ: FMNB), the company said.
Under the deal, shareholders of Monitor will be entitled to receive up to 57.8242 Farmers common shares or USD 769.38 in cash for each common share of Monitor held. This deal was announced in July. All regulatory approvals for the Merger have been received, and Farmers and Monitor expect to complete the merger on or about 15 August 2017, subject to satisfaction of other customary closing conditions.


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Details
Date Published: 11/08/2017
Target: Monitor Bancorp
Country: USA
Deal Size: 7.8m (USD)
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor:
Buyer: Farmers National Banc
Buyer Advisor: Boenning and Scattergood , Vorys, Sater, Seymour and Pease
Comment:


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