SOUTH STATE CORPORATION (NASDAQ:SSB) Files An 8-K Other Events
Item 8.01. Other Events.
On April27, 2017, South State Corporation, a South Carolina
corporation (the Company), and Park Sterling Corporation,
a North Carolina corporation (PSTB), issued a joint press
release announcing the execution of an Agreement and Plan of
Merger, dated as of April26, 2017, by and between the Company and
PSTB (the Merger Agreement), to which, subject to the
terms and conditions set forth therein, PSTB will merge with and
into the Company (the Merger), with the Company as the
surviving corporation in the Merger. The Merger Agreement
provides that immediately following the Merger, PSTBs wholly
owned bank subsidiary, Park Sterling Bank, will merge with and
into the Companys wholly owned bank subsidiary, South State Bank
(the Bank Merger), with South State Bank as the surviving
entity in the Bank Merger. A copy of the press release containing
the announcement is attached hereto as Exhibit99.1 and
incorporated by reference herein.
On April27, 2017, the Company also provided supplemental
information regarding the proposed transaction in connection with
a presentation to investors. A copy of the investor presentation
is attached hereto as Exhibit99.2 and is incorporated by
reference herein.
Item 9.01. Financial Statements and
Exhibits.
(d) Exhibits.
|
ExhibitNo. |
|
DescriptionofExhibit |
|
99.1 |
Press Release, dated April27, 2017 |
|
|
99.2 |
Investor Presentation, dated April27, 2017 |
SOUTH STATE CORPORATION (NASDAQ:SSB) Recent Trading Information
SOUTH STATE CORPORATION (NASDAQ:SSB) closed its last trading session up +1.35 at 91.90 with 137,859 shares trading hands.