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Deal snapshot: NAUGATUCK VALLEY SHAREHOLDERS APPROVE PENDING MERGER WITH LIBERTY BANK.

MANews-(C)2009-2015

Shareholders of US-based bank holding companyNaugatuck Valley Financial Corp. (NASDAQ MKT: NVSL) have approved the company's merger with and into Connecticut, US-based financial services firm Liberty Bank, the firm said.

Under terms of the agreement, upon completion of the merger, each shareholder of Naugatuck Valley Financial Corp. will receive USD 11.00 per share in cash, giving the transaction a value of approximately USD 78m.

Country: USA

Sector: Banking/Financial Services

Target: Naugatuck Valley Financial Corp

Buyer: Liberty Bank

Vendor:

Deal size in USD: 78m

Type: Corporate Acquisition

Financing: Cash

Status: Agreed

Buyer advisor: Sandler O'Neill + Partners, L.P. , Cranmore, FitzGerald and Meaney ,

Comment: Naugatuck shareholders approve deal

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Publication:M & A Navigator
Date:Oct 16, 2015
Words:111
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