WesBanco Announces Merger and Private Placement Deal

WesBanco (WSBC) has shared an announcement.

Wesbanco, Inc. has announced a definitive merger with Premier Financial Corp., where Premier Financial will merge into Wesbanco, followed by Premier Bank merging into Wesbanco Bank. Shareholders of Premier Financial will receive shares of Wesbanco common stock, with provisions for dividend adjustments and termination fees. Additionally, Wesbanco has secured a private placement deal to sell over 7 million shares to institutional investors, raising approximately $200 million to support the merger and other corporate purposes. This strategic move is expected to enhance the company’s financial profile and market presence, pending shareholder and regulatory approval.

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