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:  0001193125-24-216628
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camden National to acquire Northway Financial in 0.83-for-1 stock merger
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- Northway shareholders to receive 0.83 Camden shares per share; termination fee of $3.19M payable by Northway under certain conditions.
- Deal subject to Northway shareholder vote and regulatory approvals from Federal Reserve, OCC, and NH Banking Dept.
- One Northway director to join Camden and Camden Bank boards post-closing; merger expected to close in 2025.
- Merger intended to qualify as tax-free reorganization under Section 368(a) of the Code.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750686/000119312524216628/0001193125-24-216628-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750686/000119312524216628/d835308d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-216628

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