PINE BLUFF, Ark., Dec. 02, 2021 (GLOBE NEWSWIRE) -- On November 19, 2021, Simmons First National Corporation (NASDAQ:SFNC) (“Simmons” or “Company”) and Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) (“Spirit”) announced the execution of a definitive merger agreement (the “Merger Agreement”) pursuant to which Simmons will acquire Spirit, and its wholly-owned subsidiary, Spirit of Texas Bank SSB (the “Proposed Transaction”), in a transaction consisting of a mixture of cash and Simmons’ common stock with an aggregate value of approximately $581 million, based on the Simmons’ closing stock price of $31.73 on November 17, 2021.
Simmons First National Corporation Issues Supplemental Information Regarding Acquisition of Spirit of Texas Bancshares, Inc.
Globe Newswire -
Thu Dec 2, 2021
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