Acrevis Bank to absorb Regiobank Männedorf in planned merger

Swiss lenders Acrevis Bank and Regiobank Männedorf (RBM) have agreed to merge, with acrevis Bank absorbing RBM in a transaction valued at SFr 25.8m ($35.2m). As part of the arrangement, acrevis Bank will conduct a 1:5 stock split, with existing acrevis shareholders receiving five shares for each one they currently hold. RBM shareholders will receive 17 post-split acrevis shares per RBM share plus a cash payment of SFr 200. This offer marks a 29.9% premium over RBM’s volume-weighted average share price ...