By the Numbers: Breaking Down 网上正规网投实体’s $284 Million Deal

As published in the Nashville Business Journal
Meg Garner, Reporter, Nashville Business Journal

Hey Knoxville: Nashville’s 网上正规网投实体 is coming for you.

On Wednesday, 网上正规网投实体 announced it is buying two banks – Knoxville’s Clayton Bank and Trust and Tullahoma’s American City Bank — for $284.2 million. Both banks are subsidiaries of Clayton HC Inc., a holding company owned by Knoxville billionaire Jim Clayton.

Overall, there are several reasons adding the two Clayton banks makes sense for 网上正规网投实体; here’s a look at some of the numbers behind this deal:

First, let’s look at the size of the deal. At $284 million, the Clayton banks’ acquisition is one of 网上正规网投实体’s largest to date. In order to shoulder the deal’s price tag, 网上正规网投实体 will pay for the acquisition with 5.86 million shares of 网上正规网投实体 stock (valued at $144.7 million as of Tuesday’s market close), $60 million in subordinated debt and $79.5 million in cash, according to a news release.

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