News Column

Shareholders of OBA Financial Services, Inc. Approve Merger with F.N.B. Corporation

September 6, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- F.N.B. Corporation (NYSE: FNB) and OBA Financial Services, Inc. (NASDAQ: OBAF) announced that, at a special meeting, the shareholders of OBA Financial Services, Inc. have approved the Agreement and Plan of Merger between F.N.B. Corporation and OBA Financial Services, Inc.

As announced previously on April 8, 2014, and as approved by the boards of directors of both companies, shareholders of OBA Financial Services, Inc. will be entitled to receive 1.781 shares of F.N.B. Corporation common stock for each common share of OBA Financial Services, Inc. The exchange ratio is fixed and the transaction is expected to qualify as a tax-free exchange for shareholders of OBA Financial Services, Inc.

As of July 29, 2014, all regulatory approvals were received, and F.N.B. Corporation and OBA Financial Services, Inc. expect the merger to have an effective closing date of September 19, 2014.

Keywords for this news article include: F.N.B. Corporation, Banking and Finance, Finance and Investment, Investment and Finance, Mergers and Acquisitions.

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Source: Investment Weekly News


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