Prosperity to buy peer LegacyTexas Financial for $2.1 bln
June 17 (Reuters) - Prosperity Bancshares Inc PB.Nsaid on Monday it has agreed to buy Plano, Texas-based peer LegacyTexas Financial Group Inc LTXB.O for $2.1 billion.
The deal value represents a premium of 9.3% to LegacyTexas Financial's closing price on Friday.
The transaction is expected to close in the fourth quarter of 2019.
(Reporting by Bharath Manjesh in Bengaluru; Editing by James Emmanuel)
- Fed faces tougher task in deciding whether to cut U.S. rates
- Wall St Week Ahead-Buoyant U.S. stocks at odds with downbeat market signals
- Amazon, Walmart's Flipkart unlikely to respond to key queries in India antitrust study -sources
- Colombia's central bank holds key lending rate at 4.25%, as expected