secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSEY CORP /NV/ (BUSE)
CIK:        0000314489
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0000314489-24-000114
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

First Busey closes M&M acquisition; issues ~1.43M shares & $12.2M cash
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314489/000031448924000114/0000314489-24-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314489/000031448924000114/buse-20240405.htm
  HTML page:      https://secwatch.observer/filing/0000314489-24-000114

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer