Independent Bank to Acquire Enterprise Bancorp in a Cash Plus Stock Deal

Independent Bank Corp. (INDB) entered a merger agreement on December 9, 2024, to acquire Enterprise Bancorp, Inc. (EBTC) for $562 million in a cash-plus-stock deal.

Deal Framework:

As per the agreement terms, Enterprise shareholders will receive 0.60 shares of Independent common stock and $2.00 in cash for each share of Enterprise common stock they hold.

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