secwatch.observer — SEC 8-K summary
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Issuer:     Northwest Bancshares, Inc. (NWBI)
CIK:        0001471265
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001471265-24-000142
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northwest Bancshares to acquire Penns Woods Bancorp in all-stock deal at 2.385x exchange ratio
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- Exchange ratio: 2.385 shares of NWBI common stock for each PWOD share.
- Merger expected to close in Q3 2025, subject to shareholder and regulatory approvals.
- PWOD director Richard A. Grafmyre to join NWBI board at closing.
- Termination fee of $10 million payable by PWOD under specified conditions.
- Support agreements signed with all PWOD directors to vote in favor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471265/000147126524000142/0001471265-24-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471265/000147126524000142/nwbi-20241216.htm
  HTML page:      https://secwatch.observer/filing/0001471265-24-000142

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