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Deal Overview

Buyer:
Univest Corporation of Pennsylvania
Actual Acquirer:
Univest Corporation
Target:
Pennview Savings Association
Deal Type:
Bank & Thrift Company
Agreement Date:
10/31/1989
Announcement Date:
10/31/1989
Announced Deal Value ($ M):
12.70
Status:
Completed
Completion Date:
7/31/1990
Announced Deal Value Per Share ($ )
25.50

Consideration Breakout
Cash ($M) 12.7

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 137.7 132.4
Price / Tangible Book (%) 137.7 132.4
Price / Earnings (x) 12.6 12.6
Price / Deposits (%) 9.50 9.52
Price / Assets (%) 8.48 8.48
Tangible Book Premium/ Deposits (%) 2.84 2.53
Deal Terms
Description of Consideration

Pennview Savings shareholders received $25.50 for each share held.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? NA
Goodwill Generated ($ 000) NA
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) NA
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 NA NA
Seller Yes Wheat First Union
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Ballard Spahr LLP
Seller Yes Elias Matz Tiernan & Herrick
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