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: TechAgreements

Danvers Bancorp, Inc. And Beverly National Corporation Sign Definitive Merger Agreement For Acquisition of Beverly National Corporation

By TechAgreements

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Under the terms of the agreement, Beverly stockholders will receive 1.66 shares of Danvers common stock in exchange for each common share of Beverly. Based on the closing price of Danvers common stock on June 16, 2009, the transaction is valued at approximately $23.04 per share or $61.95 million in the aggregate.

Full post as published by TechAgreements on June 17, 2009 (boomark / email).

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