• NYSE: ASB
    SHOW MORE
  • 23.70
    Stock Quote ($)
  • Change ($) 0.25
  • Change (%) 1.07
  • Market Value ($M) 3,597.80
  • Volume 266,905
  • As of 03/23/2017 12:05 PM ET Minimum 20 minute delay.

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Associated Banc-Corp
Actual Acquirer:
Associated Banc-Corp
Target:
Northeast Wisconsin Financial Services, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
10/1/1991
Announcement Date:
10/1/1991
Announced Deal Value ($ M):
5.60
Status:
Completed
Completion Date:
5/29/1992
Announced Deal Value Per Share ($ )
80.25

Consideration Breakout
Common Stock ($M) 6.5
Common Stock Issued 199,933

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 128.9 150.6
Price / Tangible Book (%) 128.9 150.6
Price / Earnings (x) NM 41.1
Price / Deposits (%) 11.75 14.23
Price / Assets (%) 10.68 12.91
Tangible Book Premium/ Deposits (%) 2.78 4.98
Deal Terms
Description of Consideration

Northeast shareholders received 2.85 shares of Associated common for each share held. The agreement had called for exchange ratios of 3.15:1 if ASBC traded between $22 and $25, and 3:1 if ASBC traded between $26 and $28.

Accounting Method Pooling of Interests
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? NA
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) 2.8500
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement NA
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) NM
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Godfrey & Kahn SC
Seller Yes Michael Best & Friedrich LLP