secwatch.observer — SEC 8-K summary
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Issuer:     FNB CORP/PA/ (FNB)
CIK:        0000037808
Form:       8-K
Filed at:   2022-06-01T23:59:59+00:00
Accession:  0001193125-22-164752
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

F.N.B. Corp. to acquire UB Bancorp at 1.61 exchange ratio, expected close late 2022
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- Fixed exchange ratio of 1.61 FNB shares per UB Bancorp share; cash for fractional shares.
- Termination fee of $4.0 million payable by UB Bancorp under certain conditions.
- UB Bancorp directors, officers, and a stockholder signed voting agreements to support the merger.
- Merger expected to close in late 2022, not before Sep 30, subject to approvals.
- Intended to qualify as tax-free reorganization under Section 368(a) of the Code.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37808/000119312522164752/0001193125-22-164752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37808/000119312522164752/d354662d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-164752

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