M&A · Financials · State Commercial Banks
WesBanco Inc to acquire Premier Financial Corp
Announced Jul 26, 2024 · Closed Mar 3, 2025
Deal value$987M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock$27.42 per share
Transaction
- Acquirer
- WesBanco Inc (WSBC)
- Target
- Premier Financial Corp
- Buyer type
- Strategic
- Offer price per share
- $27.42
- Enterprise value
- —
- Status
- Closed Mar 3, 2025
Deal protections
- Break fee (target pays)
- $37.0M · 3.7%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- Piper Sandler, Raymond James
Sector context · Financials
- Comparable deals
- 57 in the prior 24 months
- Premium
- Sector median 34.0%
- EV / Adj. EBITDA
- Sector median 14.9x
- Break fee
- 3.7% vs. 3.0% sector median
Timeline
- AnnouncedJul 26, 2024
- Proxy filedOct 29, 2024
- Definitive proxyOct 29, 2024
- Shareholder voteDec 13, 2024
- ClosedMar 3, 2025
Valuation · fairness opinions
Trading comparables$18.28$28.51
Trading comparables$20.85$41.19
Precedent transactions$20.91$34.59
Precedent transactions$23.71$46.60
Offer $27.42
Implied value per Premier Financial Corp share by analysis, from Piper Sandler · DCF discount rate 8%–12%.