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Mergers & Acquisitions
M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Trustmark Corporation
Actual Acquirer: Trustmark Insurance Agency, Inc.
Target: Dan Bottrell Agency, Inc.
Deal Type: Insurance Broker Company
Agreement Date2/4/1999
Announcement Date2/4/1999
Announced Deal Value ($M)18.00
Completion Date4/9/1999
Consideration Breakout
Common Stock ($M)16.9
Common Stock Issued872,000
Deal Pricing Ratios
Price / Revenue (x)2.232.09
Price / Earnings (x)17.416.4
Price / Assets (%)174.74164.01
Price / Book (%)391.6367.5
Deal Terms
Description of Consideration
Trustmark Corp. established a fixed exchange ratio calculated by dividing 18 million by a 15-day average TRMK price, and further dividing by the number of Dan Bottrell Agency shares outstanding. Trustmark ultimately issued approximately 872,000 shares, which at closing held an aggregate value of about $16.9 million.
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
BuyerYesBrunini Grantham Grower Hewes
SellerYesButler Snow LLP

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