First Hawaiian Shares Drop as TriCo Bancshares Agrees to All-Stock Merger
TriCo Bancshares and First Hawaiian announced an all-stock merger, with shares of FHB falling by 4.8% while TCBK rose by 7%. The deal values TriCo at $63.12 per share based on FHB's July 10 closing price.
Topics: banking corporate_strategy stock_movement