Peoples Bancorp (PEBO) will acquire Capital Bancorp (CBNK) in an all-stock transaction valued at approximately $728.1 million. Capital shareholders will receive 1.11 shares of PEBO for each CBNK share, valuing CBNK at $43.75 per share based on PEBO's 20-day VWAP 🔗. The deal is expected to be immediately accretive to Peoples' 2027 earnings and create a combined entity with $14 billion in assets. PEBO shares fell 6%, while CBNK surged 11% on the news 🔗.
Peoples Bancorp falls, Capital Bancorp rises amid all-stock deal
STREETINSIDER.COMSep 30, 2:56 PM UTC
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