M&A
confidence high
sentiment negative
materiality 0.75
FirstSun and HomeStreet mutually terminate merger agreement effective Nov 18, 2024
FIRSTSUN CAPITAL BANCORP
- Mutual termination of Merger Agreement dated Jan 16, 2024 (as amended Apr 30, 2024) effective Nov 18, 2024.
- No termination fee; FSUN to make previously agreed expense reimbursement to HMST for integration planning costs.
- Each party releases the other from all claims related to Merger Agreement; confidentiality agreement survives.
- Both companies to file Form 8-K disclosing termination before 9 a.m. NY time on Nov 19, 2024.
- Within 10 business days, parties to return/destroy evaluation material per confidentiality agreement.