M&A
confidence high
sentiment neutral
materiality 0.65
EBC-HONE merger: election deadline Oct 28, close Nov 1, HONE delists Oct 31
Eastern Bankshares, Inc.
- Election deadline for HarborOne shareholders is 5 PM ET Oct 28; consideration: 0.765 EBC shares or $12 cash per HONE share.
- Merger expected effective Nov 1; HarborOne common stock to delist after Oct 31 close.
- Proration ensures 75%-85% of shares get stock consideration; remainder cash; no election defaults to prorated mix.