M&A
confidence high
sentiment positive
materiality 0.60
First Busey closes M&M acquisition; issues ~1.43M shares & $12.2M cash
FIRST BUSEY CORP /NV/
- Deal closed April 1, 2024; M&M stockholders could elect cash ($117.74), stock (5.7294 BUSE shares), or mixed consideration.
- 71% of M&M shares elected stock, 6% cash, 4% mixed; 19% no election received cash.
- Aggregate consideration: ~1,429,304 BUSE shares and ~$12.2M cash; fractional shares paid at $23.32 per share.