Mergers & Acquisitions

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Deal Overview

Buyer:
First Financial Bancorp.
Actual Acquirer:
First Financial Bank
Target:
Bannockburn Global Forex, LLC
Seller:
Bannockburn Global Forex, LLC
Deal Type:
Securities & Investments Company
Agreement Date:
6/18/2019
Announcement Date:
6/19/2019
Announced Deal Value ($ M):
109.95
Announced Deal Value Per Share ($ )
NA
Status:
Completed
Completion Date:
8/30/2019

Consideration Breakout
Cash ($M) 53.7
Common Stock ($M) 60.4
Common Stock Issued 2,601,823

Deal Pricing Ratios

Announcement Completion
Price / Book (%) NA NA
Deal Value / Revenues (x) 3.64 3.78
Price / Earnings (x) NA NA
Price / EBITDA (x) NA NA
Price / Assets Under Mgmt (%) NA NA
Deal Terms
Description of Consideration

First Financial Bancorp. has paid $53.66 million in cash and issued 2,601,823 shares of its common stock to acquire Bannockburn Global Forex LLC.

Percent Acquired (%) 100.00
Purchase Method Acquisition
Merger of Equals? No
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Lazard Middle Market LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Vorys Sater Seymour and Pease
Seller Yes Squire Patton Boggs (US) LLP