Camden National to Acquire Northway Financial for $86.6M [Yahoo! Finance]
Camden National Corporation (CAC)
Last camden national corporation earnings: 4/28 08:30 am
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Source: Yahoo! Finance
CAC has signed an agreement to acquire Northway Financial, Inc. (“Northway”) in an all-stock transaction valued at roughly $86.6 million. Key Details of the Acquisition by Camden National Northway, founded in 1881, and based in North Conway, New Hampshire, operates with 17 full-service branches with a stable and high-quality deposit base. As of June 30, 2024, it had roughly $1.3 billion in total assets, $0.9 billion in total loans and $1 billion in deposits. Upon the closure of the transaction, Northway will be merged with Camden National, with an anticipated pre-tax merger expense of $13.5 million. The combined entity will operate under Camden National Bank with 74 branches across New Hampshire and Maine and is anticipated to have roughly $7 billion in total assets, $5.5 billion in deposits, $5.1 billion in loans and $2 billion in assets under administration. Per the agreement, CAC will pay 0.83 shares of its stock for each share of Northway's common stock. Upon the complet
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CAC
News
- STOCKHOLDER ALERT: The M&A Class Action Firm Investigates the Mergers of CAC and OBDCAccesswire
- STOCKHOLDER ALERT: The M&A Class Action Firm Investigates the Mergers of CAC, OBDE and OBDCAccesswire
- Camden National Co. (NASDAQ: CAC) had its price target raised by analysts at Keefe, Bruyette & Woods from $40.00 to $41.00. They now have a "market perform" rating on the stock.MarketBeat
- Those who invested in Camden National (NASDAQ:CAC) a year ago are up 30% [Yahoo! Finance]Yahoo! Finance
- Camden National to acquire Northway Financial in $86.6M deal [Seeking Alpha]Seeking Alpha
CAC
Earnings
- 7/30/24 - Beat
CAC
Analyst Actions
- 8/2/24 - Stephens & Co.
CAC
Sec Filings
- 9/10/24 - Form 425
- 9/10/24 - Form 425
- 9/10/24 - Form 8-K
- CAC's page on the SEC website