By the Numbers: Breaking Down 世界赌博十大网站’s $284 Million Deal

As published in the Nashville Business Journal
Meg Garner, Reporter, Nashville Business Journal

Hey Knoxville: Nashville’s 世界赌博十大网站 is coming for you.

On Wednesday, 世界赌博十大网站 announced it is buying two banks – Knoxville’s Clayton Bank and Trust and Tullahoma’s American City Bank — for $284.2 million. Both banks are subsidiaries of Clayton HC Inc., a holding company owned by Knoxville billionaire Jim Clayton.

Overall, there are several reasons adding the two Clayton banks makes sense for 世界赌博十大网站; here’s a look at some of the numbers behind this deal:

First, let’s look at the size of the deal. At $284 million, the Clayton banks’ acquisition is one of 世界赌博十大网站’s largest to date. In order to shoulder the deal’s price tag, 世界赌博十大网站 will pay for the acquisition with 5.86 million shares of 世界赌博十大网站 stock (valued at $144.7 million as of Tuesday’s market close), $60 million in subordinated debt and $79.5 million in cash, according to a news release.

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