Still in acquisition mode, Cadence set to buy Houston’s Encore Bancshares Inc.
by Ted Carter
Published: March 12,2012
Tags: Cadence Bancorp, Encore Bancshares Inc., Houston Texas, Mark Abernathy, Mississippi, Mississippi Business Journal, NASDAQ, NASDAQ: EBTX, Paul B. Murphy Jr., Starkville Mississippi
Birmingham’s Cadence Bancorp, formerly headquartered in Starkville, has signed a definitive agreement to buy Houston-based Encore Bancshares, Inc. (NASDAQ: EBTX) in an all-cash transaction of $20.62 per share. Under the deal, Cadence would pay approximately $250 million for the approximately 12.1 million outstanding shares of Encore, a $1.6 billion banking company with 12 locations in [...]
Login to your MBJ Insider account to access this content and much more
Become an MBJ Insider
By offering insightful coverage by award-winning reporters about Mississippi’s companies and industries, we help you make smart business decisions, advance your career, and find new prospects. Build your business and outsmart your competition day after day by becoming an insider.
Ready to get started? Choose your delivery method:
Benefits of being an MBJ Insider
 |
|
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Fervor grows for Tuscaloosa Marine Shale
- Mississippi Power CEO's departure due to withholding Kemper information from regulators
- Hosemann revels in victory over Court's redistricting ruling
- LNG facility hoping to begin exporting natural gas
- Airport's food irradiation business could create new jobs
- Tenn. company makes unspecified offer to lease hospital
- Nullification and interposition
- In wake of bond issue failure, golf course fights to stay playable
- Ag officials say late planting reaching historical proportions
POST A COMMENT