HomeStreet’s Revised Merger Terms with FirstSun Capital

The latest update is out from Homestreet Inc. (HMST).

HomeStreet, Inc. and FirstSun Capital Bancorp have announced an amendment to their merger agreement which includes key changes such as an increase in capital raised for the merger, a reduction in the exchange ratio for shareholders, a decrease in the termination fee, and modifications to the bank merger structure and required regulatory approvals. This strategic move aims to enhance the financial and operational synergies of the merger, which is on track for completion in the fourth quarter of 2024, subject to regulatory and shareholder approvals.

See more data about HMST stock on TipRanks’ Stock Analysis page.