Amerant Bancorp Inc - Ordinary Shares - Class A

NASDAQ:AMTB   3:59:52 PM EDT
25.40
+0.58 (+2.34%)
Debt Financing / Related, Share Repurchases, Mergers / Acquisitions

Amerant Plans Clean-Up Merger To Simplify Its Capital Structure

Published: 09/13/2021 11:02 GMT
Amerant Bancorp Inc - Ordinary Shares - Class A (AMTB) - Amerant Announces Planned Clean-up Merger to Simplify Its Capital Structure, As Well As the Approval of a Class A Common Stock Repurchase Program.
Amerant Bancorp - Each Outstanding Share of Class B Common Stock Will Be Automatically Converted to 0.95 of a Share of Class A Common Stock.
Amerant Bancorp - Terms of Merger to Be Submitted for Approval of Shareholders Will Include Creation of a New Class of Non-voting Class A Common Stock.
Amerant Bancorp - Under New Share Repurchase Program May Purchase, Up to $50 Million of Shares of Class A Common Stock.
Amerant Bancorp - Terminated Company's Existing Class B Common Stock Repurchase Program.