secwatch.observer — SEC 8-K summary
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Issuer:     CAMDEN NATIONAL CORP (CAC)
CIK:        0000750686
Form:       8-K
Filed at:   2024-09-10T23:59:59+00:00
Accession:  0001193125-24-216333
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camden National to acquire Northway Financial in ~$86.6M all-stock merger
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- 0.83 shares of Camden per Northway share; valued at $31.46/share based on $37.90 Sept 9 close.
- Pro forma combined entity: $7.0B assets, $5.1B loans, $5.5B deposits, $2.0B AUA.
- Expected 19.9% EPS accretion in 2025 and 32.7% in 2026; closing targeted Q1 2025.
- Northway shareholders will own ~14% of combined company; one Northway director to join boards.
- Camden National Bank name retained; stock continues trading on Nasdaq under CAC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750686/000119312524216333/0001193125-24-216333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750686/000119312524216333/d885358d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-216333

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