• NYSE: ASB
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  • 23.35
    Stock Quote ($)
  • Change ($) (1.40)
  • Change (%) (5.66)
  • Market Value ($M) 3,592.35
  • Volume 3,155,472
  • As of 07/21/2017 Close Minimum 20 minute delay.

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Associated Banc-Corp
Actual Acquirer:
Associated Banc-Corp
Target:
First Financial Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
5/14/1997
Announcement Date:
5/14/1997
Announced Deal Value ($ M):
865.90
Status:
Completed
Completion Date:
10/29/1997
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Common Stock ($M) 1,132.3

Deal Pricing Ratios

Announcement Completion
Price / Book (%) NM NM
Price / Tangible Book (%) NM NM
Price / Earnings (x) NM NM
Price / Deposits (%) NM NM
Price / Assets (%) NM NM
Tangible Book Premium/ Deposits (%) NM NM
Deal Terms
Description of Consideration

In this merger of equals, each FFHC share received a fixed 0.765 share of ASBC common stock. First Financial will hold a majority ownership in the combined institution; deal value represents value of ASBC stock.

Accounting Method Pooling of Interests
In-State Transaction? Yes
Merger of Equals? Yes
Geographic Expansion? Partial Overlap
Goodwill Generated ($ 000) 0
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) NA
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) NA
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement Yes
Strike Price ($ ) NA
% of Shares Outstanding 19.90
Shares Under Option NA
Core Deposit Intangibles ($ 000) NM
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Sandler O'Neill & Partners LP
Seller Yes KeyBanc Capital Markets Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Shearman & Sterling LLP
Seller Yes Hogan & Hartson LLP