M&A
confidence high
sentiment neutral
materiality 0.55
Citizens Financial and HV Bancorp set merger election deadline, June 16 close target
CITIZENS FINANCIAL SERVICES INC
- HVBC shareholders elect $30.50 cash or 0.4000 CZFS shares per share, subject to 20% cash / 80% stock allocation.
- Election deadline June 5, 2023; plan participants deadline May 30, 2023.
- Merger expected to close June 16, 2023, subject to customary conditions.
- Election materials mailed May 9, 2023 to record holders as of Dec 27, 2022.