MCBC - Macatawa Bank Stock Soars On Merger Agreement: What's Going On? | Benzinga
Macatawa Bank Corporation (NASDAQ:MCBC) shares are trading higher after-hours after Wintrust Financial Corporation (NASDAQ:WFTC) and Macatawa Bank announced that they have entered into a definitive merger agreement for Wintrust to acquire Macatawa in an all-stock transaction.
The Details:
Subject to the merger agreement, the aggregate purchase price to Macatawa shareholders is currently estimated to be approximately $510.3 million, or $14.85 per share. The transaction is expected to close ...