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Public signal · 1-minute delayed
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Renasant Corp. is merging with The First Bancshares for $1.2 billion. The merger will create a Southeastern banking franchise with $25 billion in assets. Shareholders of The First will receive RNST stock at a 1:1 ratio. The deal is expected to be immediately accretive to Renasant's earnings. Past acquisitions indicate Renasant's strategy for growth through combinational synergies.
- Renasant Corp. is merging with The First Bancshares for $1.2 billion.
- The merger will create a Southeastern banking franchise with $25 billion in assets.
- Shareholders of The First will receive RNST stock at a 1:1 ratio.
- The deal is expected to be immediately accretive to Renasant's earnings.
- Past acquisitions indicate Renasant's strategy for growth through combinational synergies.
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