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M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Zions Bancorporation
Actual Acquirer: Zions Bank
Target: Grant-Hatch & Associates, Inc.
Deal Type: Insurance Broker Company
Agreement Date7/12/2002
Announcement Date7/12/2002
Announced Deal Value ($M)3.97
Completion Date10/21/2002
Consideration Breakout
Common Stock ($M)3.2
Common Stock Issued79,693
Deal Pricing Ratios
Price / Revenue (x)NANA
Price / Earnings (x)NANA
Price / Assets (%)NA55.53
Price / Book (%)NA88.4
Deal Terms
Description of Consideration
The terms of the transaction call for a stock consideration of 79,693 shares, valued at $3.2M based on ZION's closing price of $40.06 on October 18.
Percent Acquired (%)100.00
Accounting MethodPurchase
Merger of Equals?No
Geographic Expansion?NA
Estimated Cost Savings (%)NA
Est. Restructuring Charges ($000)NA
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesDuane Morris LLP

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