• NYSE: ASB
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  • 23.55
    Stock Quote ($)
  • Change ($) 0.00
  • Change (%) 0.00
  • Market Value ($M) 3,564.13
  • Volume 1,814,422
  • As of 09/26/2017 Close Minimum 20 minute delay.

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Associated Banc-Corp
Actual Acquirer:
Associated Banc-Corp
Target:
Signal Financial Corp.
Deal Type:
Bank & Thrift Company
Agreement Date:
9/10/2001
Announcement Date:
9/10/2001
Announced Deal Value ($ M):
177.09
Status:
Completed
Completion Date:
2/28/2002
Announced Deal Value Per Share ($ )
252.05

Consideration Breakout
Cash ($M) 58.4
Common Stock ($M) 134.4
Common Stock Issued 4,100,000

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 204.7 208.7
Price / Tangible Book (%) 266.8 264.2
Price / Earnings (x) 22.7 20.6
Price / Deposits (%) 22.71 24.44
Price / Assets (%) 16.90 17.94
Tangible Book Premium/ Deposits (%) 15.42 16.99
Deal Terms
Description of Consideration

Signal Financial shareholders received $276.83 in cash or 7.5 shares of Associated common stock for each share held, subject to the limitation that no more than 30% of the shares outstanding were exchanged for cash.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? Partial Overlap
Goodwill Generated ($ 000) 119,700
Estimated Cost Savings (%) 15.00
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 10,000
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) 7.5000
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement No
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) 5,600
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes Sandler O'Neill & Partners LP
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Reinhart Boerner Van Deuren sc
Seller Yes Fredrikson & Byron PA