(Reuters) - Under the terms, Great Pee Dee shareholders will receive
1.15 First Bancorp shares for each share held, the companies
said in a joint statement.
Based on First Bancorp's Thursday closing price of $18.28,
the deal values Great Pee Dee at $21.02 per share. The offer
represents a premium of more than 35 percent to Great Pee Dee's
Thursday closing price of $15.50.
Read more at Reuters.com Mergers News
1.15 First Bancorp shares for each share held, the companies
said in a joint statement.
Based on First Bancorp's Thursday closing price of $18.28,
the deal values Great Pee Dee at $21.02 per share. The offer
represents a premium of more than 35 percent to Great Pee Dee's
Thursday closing price of $15.50.
Read more at Reuters.com Mergers News
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