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Investor Relation - Mergers & Acquisitions

Investor Relation

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
WesBanco, Inc.
Actual Acquirer:
WesBanco, Inc.
Target:
American Bancorporation
Deal Type:
Bank & Thrift Company
Agreement Date:
2/22/2001
Announcement Date:
2/22/2001
Announced Deal Value ($ M):
74.02
Status:
Completed
Completion Date:
3/1/2002
Announced Deal Value Per Share ($ )
23.65

Consideration Breakout
Common Stock ($M) 70.6
Common Stock Issued 3,441,888

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 216.0 151.0
Price / Tangible Book (%) 227.4 155.7
Price / Earnings (x) 14.5 18.8
Price / Deposits (%) 15.38 14.57
Price / Assets (%) 10.35 10.17
Tangible Book Premium/ Deposits (%) 10.10 6.26
Deal Terms
Description of Consideration

American Bancorporation shareholders received 1.1 shares of WesBanco common stock for each share held.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 30,183
Estimated Cost Savings (%) 25.00
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) 3,100
Maximum Termination Fee ($ 000) 0
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) 1.100000
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement Yes
Strike Price ($ ) 18.0000
% of Shares Outstanding 19.90
Shares Under Option 622,805
Core Deposit Intangibles ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Ostrowski & Company, Inc.
Seller Yes KeyBanc Capital Markets Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Kirkpatrick & Lockhart
Seller Yes Maloney & Knox LLP

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