Camden National to acquire Northway Financial in $86.6M deal [Seeking Alpha]
Camden National Corporation (CAC)
Last camden national corporation earnings: 4/28 08:30 am
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US:NASDAQ Investor Relations:
snl.com/irweblinkx/yearlynews.aspx?iid=101149&start=121&mode=1
Company Research
Source: Seeking Alpha
After the closing of the deal, the combined company will operate under the Camden National Bank name. Under the deal, Northway shareholders will get 0.83 shares of Camden's stock for each outstanding share of Northway's stock. The deal is valued at $31.46 per share of Northway common stock. After the closing of the deal, one Northway director will join the boards of both Camden National and Camden National Bank. On a combined basis, the deal is expected to be ~19.9% accretive to Camden National's 2025 earnings per share and 32.7% accretive to Camden National's 2026 earnings per share. After the merger, the company's capital ratios are expected to remain significantly above "well-capitalized" thresholds, with the pro forma company well-positioned for future growth. As per the deal, Camden National shareholders will own ~86% of the combined company and Northway's shareholders will own the rest, which will continue to trade on Nasdaq under the "CAC" ticker symbol. "This un
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CAC
News
- Camden National Co. (NASDAQ: CAC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- $HAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger and Upcoming Vote of CAC, OB, SMAR and PFCAccesswire
- $HAREHOLDER ALERT: The M&A Class Action Firm Launches Inquiry for the Merger and Upcoming Vote of CAC, OB, SMAR and PFCAccesswire
- $HAREHOLDER INVESTIGATION: The M&A Class Action Firm Continues To Investigate the Merger and Upcoming Vote of CAC, OB, SMAR and PFCAccesswire
- INVESTIGATION ALERT: The M&A Class Action Firm Continues to Investigate the Merger of CAC, OB and NBRAccesswire
CAC
Earnings
- 10/29/24 - Beat
CAC
Sec Filings
- 11/7/24 - Form 10-Q
- 11/5/24 - Form EFFECT
- 11/4/24 - Form 424B3
- CAC's page on the SEC website