This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Patton Boggs Advises Collin Bank On Definitive Agreement Outlining Acquisition By Independent Bank Group

WASHINGTON and DALLAS, Aug. 8, 2013 /PRNewswire/ -- The law firm of Patton Boggs LLP provided legal counsel to Collin Bank of Plano, Texas, on a definitive agreement outlining the terms of its acquisition by Independent Bank Group, Inc. (Nasdaq: IBTX). 

(Logo: http://photos.prnewswire.com/prnh/20100701/PH30116LOGO-b)

The merger has been approved by the boards of directors of both companies and is expected to close during the fourth quarter of 2013. Operational integration is anticipated to begin during the first quarter of 2014. The acquisition is the first for Independent Bank Group since its IPO earlier this year. 

Collin Bank shareholders will receive approximately $10.00 per share for each outstanding share of Collin Bank common stock. Approximately 65 percent of the consideration is payable in cash and 35 percent is payable in shares of Independent Bank Group common stock, subject to certain adjustments.

David Teeples of Patton Boggs' Dallas office and Jonathan Pavony of the firm's Washington office headed the Patton Boggs team. Both are members of the firm's Banking and Financial Services and M&A practice groups.

About Patton Boggs LLP

Patton Boggs is a leader in public policy, litigation and business law, and is well-known for deep roots in the political arena. The firm's core practice areas are government relations and lobbying, administrative and regulatory, commercial and transactional, litigation and dispute resolution, intellectual property and international law.

From offices in Washington DC, New York, New Jersey, Dallas, Denver and Anchorage, and internationally in Abu Dhabi, Doha, Dubai and an affiliate office in Riyadh, more than 500 lawyers and professionals provide comprehensive, practical legal counsel to clients around the globe. For more information about the firm or its attorneys, visit www.pattonboggs.com.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,274.19 -11.55 -0.06%
S&P 500 2,130.18 -0.64 -0.03%
NASDAQ 5,097.4750 +6.6810 0.13%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs