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Debt Financing / Related, Mergers / Acquisitions, Equity Financing / Related

Alerus Announces Acquisition Of Metro Phoenix Bank

Published: 12/08/2021 23:42 GMT
(MPHX) - Alerus Announces Acquisition of Metro Phoenix Bank.
Mphx Shareholders Will Receive 0.74 Alerus Common Shares for Each Outstanding Mphx Share.
Transaction Has an Implied Purchase Price of $23.26 per Share, Which Equates to an Aggregate Value of $85.3 Million.
Anticipated to Be Immediately Accretive to Alerus' Earnings per Share.
Transaction Expected to Be Approximately 8.5% Accretive in First Full Year.