secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENT BANK CORP (INDB)
CIK:        0000776901
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0000776901-24-000182
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Independent Bank Corp. to acquire Enterprise Bancorp in stock-and-cash deal
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- Each Enterprise share to receive 0.60 INDB shares plus $2.00 cash; expected close H2 2025.
- Enterprise directors and officers holding ~20.42% of shares have agreed to vote in favor.
- Merger agreement unanimously approved by both boards; subject to regulatory and shareholder approval.
- Termination fee of $22.488M payable by Enterprise under certain circumstances.
- Two Enterprise directors to join Independent and Rockland Trust boards at closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776901/000077690124000182/0000776901-24-000182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776901/000077690124000182/indb-20241208.htm
  HTML page:      https://secwatch.observer/filing/0000776901-24-000182

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