m_and_a
confidence high
sentiment neutral
materiality 0.60
NB Bancorp finalizes merger proration; 66.4% of cash electors get cash, ~5.94M shares to be issued
NB Bancorp, Inc.
- Stock election: 16.31% of shares; cash election: 75.33%; non-election: 8.36%.
- After proration, ~66.377% of cash election shares get $13.00 cash; remaining get 0.691 NBBK shares per PVBC share.
- Needham to issue ~5.94M NBBK shares; pro forma shares outstanding ~45.77M.
- Merger expected to close Nov 15, 2025; Needham and Provident to combine.
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