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)
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