BUZZ-First Savings Financial jumps on $241 million buyout deal with First Merchants** Community lender First Savings Financial Group's FSFG.O shares jump 17.9% to $32.63
** Regional lender First Merchants FRME.O will buy FSFG in a $241.3 million all-stock deal, the banks say
** Deal will create a combined bank with over $20 billion in assets and bolster FRME's Indiana deposit network
** FSFG shareholders will receive 0.85 share of FRME for each share held, valuing the bank at $33.60 apiece
** Deal represents a 21.4% premium to stock's last close and is expected to close in Q1 2026
** As of last close, FSFG stock up 4.2% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.