m_and_a
confidence high
sentiment neutral
materiality 0.60
Eastern Bankshares mails election forms for HarborOne merger; deadline Oct 28
Eastern Bankshares, Inc.
- HarborOne shareholders may elect 0.765 EBC shares, $12 cash, or a mix for each HONE share.
- Merger expected to close Nov 1, 2025; HONE shareholders approved deal on Aug 20, 2025.
- Election deadline is 5:00 PM ET on Oct 28, 2025; ESOP/401(k) participants deadline Oct 23.
- Stock consideration allocated to 75-85% of outstanding HONE shares; remainder gets cash.
- Exchange agent mailed election materials on Sep 24, 2025; Innisfree M&A is information agent.
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