secwatch.observer — SEC 8-K summary
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Issuer:     Eastern Bankshares, Inc. (EBC)
CIK:        0001810546
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001193125-25-093671
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastern Bankshares to acquire HarborOne; shareholders elect 0.765 shares or $12 cash
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- HarborOne shareholders can elect 0.765 Eastern shares or $12 cash per share, subject to proration between 75%-85% stock consideration.
- Deal expected to close Q4 2025; can be deferred to Feb 20, 2026. Termination fee of $18.9M from HarborOne.
- Voting agreements with all HarborOne directors and executives (~3.92% of shares) to vote in favor.
- Upon closing, HarborOne CEO Joseph Casey and one other director to join Eastern's board.
- Merger requires regulatory approvals and HarborOne shareholder vote; unanimous board approval on both sides.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810546/000119312525093671/0001193125-25-093671-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810546/000119312525093671/d945985d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-093671

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer