Northwest Bancshares to buy Penns Woods Bancorp in $270.4M all-stock deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2024
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Merger Announcement: Northwest Bancshares (NWBI) will acquire Penns Woods Bancorp (PWOD) in an all-stock transaction valued at approximately $270.4 million, enhancing their presence in North Central and Northeastern Pennsylvania.
Financial Details: Penns Woods shareholders will receive 2.385 shares of Northwest common stock for each share they own, with the merger expected to be tax-free and accretive to Northwest's earnings per share by about 23% in 2026.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
