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New Deal


Announced

Hometown to acquire Randolph for $147m.

Financials

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Transaction Value£111m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Banks

Acquisition

Public

Domestic

Single Bidder

Majority

banking services

Friendly

Pending

United States

Synopsis

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Hometown, a multi-bank holding company, agreed to acquire Randolph, a bank holding company, for $147m. Randolph shareholders will receive $27 in cash for each share of Randolph common stock. “With the addition of Envision Bank, we more than double our full-service locations and assets in eastern Massachusetts. We are very excited to share the significant resources of Hometown Financial Group with the employees and customers of Envision Bank," Matthew S. Sosik, Hometown CEO.

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