AcquisitionBMTX announced that it had entered into a definitive agreement to be acquired by First Carolina Bank for $5.00/share in cash, a 55% premium to the closing price of BMTX's shares.
Partnership SynergyFirst Carolina Bank, as a partner bank, has more knowledge of and probably possesses the most synergies with BMTX.
ValuationThe acquisition price represented a 55% premium to the trading price, making it unlikely that a better deal will be forthcoming.