M&A · Financials · Buyer's industry: State Commercial Banks
Prosperity Bancshares Inc to acquire Lone Star and Lone Star Bank
Announced Oct 11, 2022 · Announced · Private target
Deal value$229M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock
Transaction
- Acquirer
- Prosperity Bancshares Inc (PB)
- Target
- Lone Star and Lone Star Bank
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Announced
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Stephens
Classification
- Sector
- Financials
- Buyer's industry
- State Commercial Banks