Peoples Bancorp slips on all-stock Capital Bancorp merger deal
PEBO•Peoples Bancorp agreed to buy Capital Bancorp in an all-stock deal valued at $728.1 million, or $43.75 per share. Peoples shares fell 6.6% premarket, while Capital shares rose 8.7%.
1. Merger terms
Capital Bancorp shareholders will own about 32% of the combined company and receive 1.1 shares of Peoples Bancorp for each Capital share.
