Home BancShares Inc. said Wednesday it'll buy Happy Bancshares in an all-stock merger valued at about $919 million to establish a presence in Texas, with more acquisitions in the state on the horizon. Home BancShares was already the parent company of Happy Bancshares but it did not own the privately held shares for the lender. Arkansas-based Home BancShares said Happy Bancshares shareholders will receive 2.17 shares of Home BancShares stock for each share of Happy Bancshares. Home BancShares said the deal will result in increases to earnings per share of 5.5% and 9.2% for 2022 and 2023. With a combined $23.3 billion...
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September 15, 2021 at 07:56PM
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Home BancShares buying Happy Bancshares to enter Texas market - MarketWatch
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