M&A · Financials · State Commercial Banks
CBTX, Inc. to acquire Allegiance Bancshares, Inc.
Announced Nov 5, 2021 · Closed Sep 30, 2022
Deal value$846M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock$41.76 per share
Transaction
- Acquirer
- CBTX, Inc. (STEL)
- Target
- Allegiance Bancshares, Inc.
- Buyer type
- Strategic
- Offer price per share
- $41.76
- Enterprise value
- —
- Status
- Closed Sep 30, 2022
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- $32.5M · 3.8%
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Stephens
- To the target
- Raymond James
Sector context · Financials
- Comparable deals
- 59 in the prior 24 months
- Premium
- Sector median 32.0%
- EV / Adj. EBITDA
- Sector median 21.6x
- Break fee
- Sector median 3.7%
Timeline
- AnnouncedNov 5, 2021
- Proxy filedApr 8, 2022
- Definitive proxyApr 8, 2022
- Shareholder voteApr 28, 2022
- ClosedSep 30, 2022