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Old National Bancorp buying Anchor Bancorp in $303.2M deal

Evansville, Ind.-based Old National Bancorp is buying St. Paul, Minn.-based Anchor Bancorp Inc. in a cash-and-stock deal valued at approximately $303.2 million.

Anchor shareholders will receive 1.35 Old National Bancorp common shares and $2.625 in cash for every share held.

More details to follow...