M&A
confidence high
sentiment positive
materiality 0.70
Alerus stockholders approve merger with HMN Financial at special meeting
ALERUS FINANCIAL CORP
- Stockholders voted 14,996,524 for (97.8% of votes cast) to adopt the merger with HMN Financial.
- Approximately 76.98% of outstanding shares (19.9M) were represented, meeting quorum.
- Adjournment proposal passed with 14,457,073 votes for, 698,480 against, 171,749 abstentions.
- Completion of the merger remains subject to satisfaction or waiver of customary closing conditions.