NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (âKSFâ) are investigating the proposed sale of Provident Bancorp, Inc. (NasdaqCM: PVBC) to NB Bancorp, Inc. (NasdaqCM: NBBK). Under the terms of the proposed transaction, shareholders of Provident can elect to receive either: (i) 0.691 shares of NB Bancorp common stock or (ii) $13.00 in cash, for each share of Provident that they own. KSF is see
Related Questions
How does the proposed exchange ratio (0.691 NB Bancorp shares) compare to recent market prices of NB Bancorp and PVBC?
What are the tax implications for shareholders choosing the cash vs. stock payout, and how might that influence the vote outcome?
What is the implied valuation of PVBC based on the $13.00 cash option and the 0.691 NB Bancorp shares option?
Will the combined entityâs balance sheet and credit profile improve, and how could that affect future financing costs?
What regulatory approvals are required for the transaction and could they cause delays or additional scrutiny?
What is the likelihood that shareholders will approve the merger given the current sentiment and price premium?
How does this dealâs structure and pricing compare to recent similar bank M&A transactions in the sector?
What is the expected timeline from shareholder vote to closing, and are there any contingencies that could extend the process?
How might the merger impact the share price of NB Bancorp (NBBK) due to the dilution from the stock exchange option?
How will the merger affect PVBCâs liquidity and float, and what impact could that have on the stockâs shortâterm volatility?