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BRIEF-Midland States Bancorp Inc to acquire Alpine Bancorporation

From Reuters - October 16, 2017

Oct 16 (Reuters) - Midland States Bancorp Inc:

* Midland States Bancorp Inc to acquire Alpine Bancorporation

* Midland States Bancorp Inc- entered into definitive agreement under which co to acquire Alpine in cash and stock transaction valued at about $181.0 million

* Midland States Bancorp Inc - Alpine shares, in aggregate, will be exchanged for about 4.5 million shares of midland common stock and $33.3 million in cash

* Midland States Bancorp- transaction expected to be about 10pct accretive to cos2019 eps with tangible book value/ share dilution earn-back period of 3.5 years

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