Sep. 29, 2014, 4:31 PM
- Under the terms, Simplicity (NASDAQ:SMPL) owners will receive one share of HomeStreet (NASDAQ:HMST) stock for each share of Simplicity they own, subject to adjustment should HomeStreet rise above $20 or fall below $15. HomeStreet today closed at $17.73; Simplicity at $16.50.
- The combined company will have about $4.1B in assets, total deposits of $3.1B, and loans of $3.1B.
- A conference call is set for 1 PM ET tomorrow.
- Source: Press Release
HMST vs. ETF Alternatives
HomeStreet Inc is a diversified financial services company. It serves bank that provides residential and commercial loans, deposit products and services, non-deposit investment products, private banking and cash management services.
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