Home BancShares supplements proxy for Happy merger; reveals $1.47M advisor fee and discount rates

HOME BANCSHARES INC

Voluntarily supplemented joint proxy statement to moot shareholder lawsuit (Pate Pearson v. Home BancShares).
Stephens Inc. received $1.47M in fees for its fairness opinion on the Happy merger.
Piper Sandler used 10.07% discount rate for Home and 10.82% for Happy in NPV analyses.
Terminal multiple applied to Happy's projected 2026 adjusted net income of $83.4M.
Special meeting of Home stockholders still scheduled for December 15, 2021 to vote on merger.

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