United will acquire 100% of the outstanding shares of VCBI
in exchange for common shares of United.
With the acquisition of VCBI, United's assets will grow to approximately USD 11.
Under the deal, United will acquire 100% of the outstanding shares of VCBI in exchange for common shares of United.
5442 of United's shares for each share of VCBI which equates to a deal value of USD 14.
Finance, at least one analyst has set a price target for VCBI stock at $14.
If you own the common stock of VCBI and purchased your shares before January 30, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.
These forward-looking statements are based upon the current beliefs and expectations of the respective managements of United and VCBI and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of United and VCBI.
United and VCBI caution that the foregoing list of factors is not exclusive.
United, VCBI and their respective directors, executive officers and certain other members of management and employees may be deemed "participants" in the solicitation of proxies from VCBI's shareholders in favor of the merger with United.
Tickers featured: ALAB, BBT, BPOP, CFFN, CFR, COBZ, FBNC, FHN, IBKC, MSBK, NCF, NTRS, OZRK, SNV, SOTR, STI, SWBT, SYI, TRBS, TSFG, UBSH, UCBI, VCBI
, VFGI, WB.
Tickers featured: ALAB, ASO, BBT, BBX, CBKN, CCBG, CNB, FFFL, FHN, GBTS, HARB, MI, MSBK, NCC, NCF, PNFP, RF, RY, SBKC, SCMF, SNV, SOTR, STI, TBNC, TSFG, UCBI, VCBI
Keefe, Bruyette & Woods Inc and Bowles Rice LLP advised United Bankshares on the deal, whereas Sandler O'Neill + Partners LP and Troutman Sanders LLP counselled VCBI