Renewable Energy

Prosperity to buy peer LegacyTexas Financial for $2.1 bln

Prosperity Bancshares Inc said http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190617:nPn8SyNCga on Monday it has agreed to buy Plano, Texas-based peer LegacyTexas Financial Group Inc for $2.1 billion.

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)

((Bharath.ManjeshR@thomsonreuters.com; outside U.S. +91 80 6749 8400; Reuters Messaging: Bharath.ManjeshR.thomsonreuters.com@reuters.net))

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