Mid Penn Acquires William Penn in a $127 Million All-Stock Deal

Mid Penn Bancorp (MPB) entered a merger agreement on November 1, 2024, to acquire William Penn Bancorporation (WMPN) for an all-stock deal valued at $127 million.

Deal Breakdown:

Under the terms of the agreement, shareholders of William Penn will receive 0.4260 shares of Mid Penn common stock for each share of William Penn common stock. The implied transaction value is about $13.58 per William Penn share, representing a 6.59% premium from the stock’s last close.

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