• 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:
Riverside Acquisition Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
3/10/1999
Announcement Date:
3/10/1999
Announced Deal Value ($ M):
89.10
Status:
Completed
Completion Date:
8/31/1999
Announced Deal Value Per Share ($ )
3,564.00

Consideration Breakout
Common Stock ($M) 85.3
Common Stock Issued 2,430,425

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 374.1 310.3
Price / Tangible Book (%) 451.2 310.3
Price / Earnings (x) 20.6 13.9
Price / Deposits (%) 31.94 28.54
Price / Assets (%) 28.43 25.83
Tangible Book Premium/ Deposits (%) 27.42 21.00
Deal Terms
Description of Consideration

Associated exchanged 97.217 shares for each Riverside share held.

Accounting Method Pooling of Interests
In-State Transaction? No
Merger of Equals? No
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) 2,700
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) 97.2170
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) NM
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Sandler O'Neill & Partners LP
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Reinhart Boerner Van Deuren sc
Seller Yes Kaplan, Strangis and Kaplan