M&A
confidence high
sentiment neutral
materiality 0.65
Lakeland and Provident extend merger deadline to June 30, 2024; reduce board to 14 members
LAKELAND BANCORP INC
- Termination date extended from March 31, 2024 to June 30, 2024.
- Combined board size reduced from 16 to 14; Lakeland appointees cut from 7 to 5.
- Provident bylaws amended to reflect new board composition.
- All other terms of the original merger agreement remain unchanged.
- Merger still subject to regulatory approvals and other closing conditions.