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GFED - Guaranty Federal stockholders approve acquisition by QCR Holdings
Guaranty Federal Bancshares Inc.
Guaranty Federal Bancshares (GFED) stockholders approved the previously announced acquisition of the company by QCR Holdings (QCRH) at a special shareholders meeting. Guaranty Federal (GFED) stockholders have until 5:00 PM Central Time on March 25, 2022 to choose from $30.50 in cash, 0.58775 share of QCR Holdings (QCRH) common stock, or a mixed consideration ($6.10 cash, 0.4702 QCRH share) in exchange for each of their shares. The two companies agreed to the ~$151.6M transaction in November.