Mergers & Acquisitions

Source: SNL

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Deal Overview

Buyer:
Commerce Bancshares, Inc.
Actual Acquirer:
Commerce Bancshares, Inc.
Target:
First Peoria Corp.
Deal Type:
Bank & Thrift Company
Agreement Date:
12/6/1991
Announcement Date:
12/6/1991
Announced Deal Value ($ M):
65.00
Status:
Completed
Completion Date:
6/1/1992
Announced Deal Value Per Share ($ )
42.69

Consideration Breakout
Cash ($M) 32.5
Common Stock ($M) 32.5
Common Stock Issued 844,156

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 139.4 134.7
Price / Tangible Book (%) 140.5 135.7
Price / Earnings (x) 14.0 13.6
Price / Deposits (%) 18.56 18.74
Price / Assets (%) 15.81 15.89
Tangible Book Premium/ Deposits (%) 5.47 5.05
Deal Terms
Description of Consideration

First Peoria shareholders received $42.693 in cash or stock for each share held.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? NA
Goodwill Generated ($ 000) 5,000
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) NA
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) 1.238000
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement NA
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes ABN AMRO Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Bryan Cave Leighton Paisner
Seller Yes Barack Ferrazzano Kirschbaum