Mergers & Acquisitions
Buyer: UMB Financial Corporation Actual Acquirer: UMB Financial Corporation Target: M L Bancshares, Incorporated Deal Type: Bank & Thrift Company Agreement Date 3/18/1992 Announcement Date 3/18/1992 Announced Deal Value ($M) 13.70 Status Completed Completion Date 5/14/1993 Announced Deal Value Per Share ($) 250.57
Consideration Breakout Cash ($M) 6.3 Common Stock ($M) 11.3 Common Stock Issued 308,578
Deal Pricing Ratios Announcement Completion Price / Book (%) 138.9 122.1 Price / Tangible Book (%) 141.8 138.5 Price / Earnings (x) 10.4 20.3 Price / Deposits (%) 10.33 12.59 Price / Assets (%) 8.72 10.81 Tangible Book Premium/ Deposits (%) 3.36 3.79
Deal Terms Description of Consideration M L shareholders received tangible book value of M L bank subsidiaries less minority interests, plus a 38.4165% premium, less certain adjustments to loans, OREO, and loan loss reserves, paid 75% stock and 25% cash. Accounting Method Purchase In-State Transaction? No Merger of Equals? No Geographic Expansion? NA Goodwill Generated ($000) 4,783 Estimated Cost Savings (%) NA Estimated Cost Savings ($000) NA Est. Restructuring Charges ($000) NA Maximum Termination Fee ($000) NA Minimum Termination Fee ($000) NA Exchange Ratio (Common For Common) 5.650700 Exchange Ratio (Common For Preferred) NA Exchange Ratio (Preferred For Common) NA Exchange Ratio (Preferred For Preferred) NA Lockup Agreement NA Strike Price ($) NA % of Shares Outstanding NA Shares Under Option NA Core Deposit Intangibles ($000) NA Screen reader users: Please switch to forms mode for this link.
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