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Atlantic Union Bankshares Discloses An Agreement To Acquire American National Bankshares Inc. For Approximately $416.8M

Author: Benzinga Newsdesk | July 25, 2023 07:40am

Under the terms of the merger agreement, each outstanding share of American National common stock will be converted into the right to receive 1.35 shares of Atlantic Union common stock, valuing the transaction at approximately $416.8 million, or $39.23 per share, based on Atlantic Union’s ten-day weighted average closing stock price ending July 24, 2023.

Posted In: AUB