• NYSE: ASB
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  • 24.45
    Stock Quote ($)
  • Change ($) 0.15
  • Change (%) 0.62
  • Market Value ($M) 3,695.98
  • Volume 547,198
  • As of 11/17/2017 Close Minimum 20 minute delay.

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Associated Banc-Corp
Actual Acquirer:
Associated Banc-Corp
Target:
Windsor Bancshares, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
10/1/1998
Announcement Date:
10/1/1998
Announced Deal Value ($ M):
25.20
Status:
Completed
Completion Date:
2/3/1999
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Common Stock ($M) 24.8
Common Stock Issued 800,000

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 320.6 270.5
Price / Tangible Book (%) 363.4 298.4
Price / Earnings (x) 11.4 11.6
Price / Deposits (%) 18.18 15.24
Price / Assets (%) 14.73 13.00
Tangible Book Premium/ Deposits (%) 16.55 12.24
Deal Terms
Description of Consideration

Associated issued 800,000 common shares in exchange for all Windsor shares held. Seller's financials are for Bank Windsor.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) NA
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 800
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 No
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes Piper Jaffray Companies
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Reinhart Boerner Van Deuren sc
Seller Yes Kaplan, Strangis and Kaplan