First Bancshares to be Acquired by Renasant in an All-Stock Deal for $1.2 Billion

Mississippi-based Renasant Corporation (RNST) on July 29, 2024, entered a merger agreement to buy a rival regional lender The First Bancshares, Inc. (FBMS) in an all-stock deal valued at $1.2 billion.

Deal Structure:

The terms of the agreement state that shareholders of First Bancshares will receive one share of Renasant common stock for each share of First Bancshares’ common stock, at about $37.09 per share, representing a premium of 21.09% from the stock’s last close.

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