Waterford Hotel Group and Maverick Hotels & Restaurants have reached a strategic merger to bolster their presence in the market and drive growth. The combined hospitality management company will have a portfolio exceeding 50 properties across the US. This will increase operational scope and geographic reach, including extensive holdings in Chicago, New England, the Eastern US, South Central states, and the Midwest. The portfolio now includes a range of property types such as full-service hotels, boutique ...

Core Viewpoint - Richmond Mutual Bancorporation and Farmers Bancorp have announced a definitive agreement for an all-stock merger valued at approximately $82 million, enhancing their competitive position and operational scale in the community banking sector [2][3]. Transaction Details - The merger will involve Farmers Bancorp shareholders receiving 3.40 shares of Richmond Mutual common stock for each share they own [3][4]. - Post-merger, Richmond Mutual shareholders will own about 62% of the combined entity, while Farmers Bancorp shareholders will hold approximately 38% [4]. - The transaction is structured to be tax-free for Farmers Bancorp shareholders [4]. Financial Implications - The merger is projected to generate approximately 35% EPS accretion for Richmond Mutual shareholders after realizing anticipated cost savings [5]. - For Farmers Bancorp shareholders, the merger will result in a dividend per share increase of approximately 27.5% based on the exchange ratio and current dividend levels [5]. Company Structure and Branding - The combined entity will operate under the name "Richmond Mutual Bancorporation, Inc." and will continue trading on the Nasdaq under the ticker symbol "RMBI" [6]. - The administrative headquarters will be located in Richmond, Indiana, while the combined bank's headquarters will be in Frankfort, Indiana [6]. Market Position - The merger will create a community bank with approximately $2.6 billion in assets and a network of 24 branches across Central and East Central Indiana, as well as Western and Central Ohio [7]. - The combination aims to unlock higher lending limits and broaden product offerings for customers, enhancing overall service delivery [7]. Governance and Leadership - The Board of Directors of the combined company will consist of 11 members, with six from Richmond Mutual and five from Farmers Bancorp [8]. - The leadership team will include key executives from both companies, ensuring continuity and leveraging their financial services experience [9][13]. Timeline and Approvals - The merger is expected to close in early Q2 2026, pending regulatory and shareholder approvals [10].

Transaction Summary - Terex and REV Group will strategically merge in a stock and cash transaction, creating a combined equity value of approximately $7 billion and an enterprise value of approximately $9 billion at announcement[27] - Terex shareholders will own 58% and REV shareholders will own 42% of the combined company on a fully diluted basis[27] - REV shareholders will receive 09809 Terex shares and $871 in cash consideration per REV share owned, representing a total cash consideration of $425 million[27] - The combined company anticipates achieving $75 million of run-rate synergies by 2028, with approximately 50% realized within 12 months after closing[27, 29, 55] Financial Profile - The combined company is projected to have $78 billion in sales for 2025E, excluding Terex Aerials[32] - The combined company is projected to have an adjusted EBITDA margin of 11% for 2025E, including $75 million of run-rate synergies[32] - The combined company is projected to have an adjusted FCF conversion of 80% for 2025E[32] Business Mix - The combined company's 2025E sales, excluding Terex Aerials, are expected to be 42% Specialty Vehicles, 29% Materials Processing, and 29% Environmental Solutions[37] - North America will represent 83% of the combined company's sales, with the Rest of World accounting for 17%[37] Strategic Transformation - Terex plans to exit its Aerials segment, including a potential sale or spin-off[27, 29]

Core Viewpoint - QNB Corp. has announced a definitive agreement to acquire The Victory Bancorp, Inc. in an all-stock transaction valued at approximately $40.97 million, enhancing its market position and financial metrics [1][3][4] Transaction Details - The acquisition will involve Victory shareholders receiving 0.5500 shares of QNB common stock for each share of Victory common stock, resulting in an implied price of approximately $19.58 per share for Victory shareholders [1] - The pro-forma ownership post-merger will be approximately 76.4% for QNB and 23.6% for Victory [1] Financial Benefits - The merger is projected to deliver approximately 16% EPS accretion to QNB's 2026 estimated EPS and approximately 19% EPS accretion to QNB's 2027 estimated EPS, including all merger synergies [3] - Victory's projected 2026 EPS is expected to see over 35% accretion from the transaction [4] - QNB's projected annual cash dividend of $1.56, adjusted for the exchange ratio, will provide Victory shareholders with more than double their current annual cash dividend [4] Governance and Leadership - QNB's board will expand to 12 directors, including 10 existing directors from QNB and 2 newly appointed directors from Victory [5] - Joe Major from Victory will serve as Vice Chair of the combined holding company, while Dave Freeman will continue as President & CEO [5] Strategic Positioning - The merger will create a bank holding company with nearly $2.4 billion in assets and a combined market capitalization of approximately $173 million [7] - The combined entity will hold the 1 ranked deposit market share in Montgomery County, Pennsylvania, among banks with less than $5 billion in total assets [7] Operational Metrics - The combined company is expected to achieve a Return on Average Assets of approximately 0.80% and a Return on Average Tangible Common Equity of approximately 13% [8] Timing and Approvals - The transaction is expected to close in Q4 2025 or Q1 2026, pending regulatory approvals and shareholder votes from both companies [11]

Core Viewpoint - DSS, Inc. announced a definitive merger agreement with Dr. Ashleys Limited, marking a strategic move to enhance shareholder value and advance its subsidiaries toward public listings [1][2][6]. Strategic Rationale - The merger combines Dr. Ashleys' pharmaceutical capabilities with Impact BioMedical's innovative platform, aiming to accelerate the development of new therapies [3]. Transaction Overview - The merger will involve a reverse merger where Impact will be the surviving entity, and Dr. Ashleys will become a wholly-owned subsidiary of the newly formed public entity, referred to as PubCo [8]. Ownership Structure - The merger agreement includes actions to simplify ownership, such as converting Impact's Series A Preferred Stock and exercising DSS's debt-to-equity rights, resulting in DSS holding 4.80% of the combined company's total outstanding shares at closing [4][5]. Management and Governance - Post-merger, the management team of Dr. Ashleys will operate PubCo, and a new Board of Directors will be assembled by Dr. Ashleys [8]. Approval Process - The transaction requires approval from Impact's shareholders and must satisfy regulatory conditions, including SEC approval for the registration statement [9]. Company Background - DSS, Inc. operates across multiple sectors, including health and wellness, packaging, and blockchain, focusing on developing high-growth subsidiaries and unlocking value through strategic public listings [11].

Core Viewpoint - Hometown Financial Group has announced a definitive merger agreement to acquire CFSB Bancorp and its subsidiary Colonial Federal Savings Bank, enhancing its market presence in eastern Massachusetts and creating a larger banking entity with significant assets and branch locations [1][2][4]. Merger Details - The merger agreement has been unanimously approved by the boards of directors of both companies, with CFSB shareholders set to receive $14.25 in cash per share, valuing the transaction at approximately $44 million [2]. - The merger is expected to close in the fourth quarter of 2025, pending regulatory approvals and shareholder consent [2]. Post-Merger Structure - Following the merger, Colonial Federal Savings Bank will merge into North Shore Bank, resulting in a combined bank with $3.3 billion in assets and 29 retail locations across Massachusetts and southern New Hampshire [3]. - Hometown Financial Group will have consolidated assets nearing $6.9 billion and a total of 56 branch offices after the merger [4]. Strategic Goals - The merger aims to enhance customer service and expand market reach, with Hometown Financial Group emphasizing its commitment to local markets and personalized financial solutions [5][6]. - The transaction marks the eighth strategic merger for Hometown Financial Group in the last decade, indicating a consistent growth strategy [7]. Company Background - Hometown Financial Group is a multibank mutual holding company with $6.6 billion in assets, operating several banks including bankESB, bankHometown, and North Shore Bank [13]. - CFSB Bancorp, with total assets of $366 million as of March 31, 2025, has been serving the banking needs of its customers since 1889 [16].