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Mergers & Acquisitions
M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: First Financial Holdings, Inc.
Actual Acquirer: First Federal Savings and Loan Association of Charleston
Target: American Pensions, Inc.
Deal Type: Financial Technology Company
Announcement Date7/1/2009
Announced Deal Value ($M)3.4
Announced Deal Value, As Reported ($M)3.4
StatusCompleted
Completion Date7/1/2009
Announced Deal Value Per Share ($)NA
Consideration Breakout
Unclassified ($M)3.4
Deal Pricing Ratios
 AnnouncementCompletion
Price / Book (%)NMNM
Price / Sales (x)NANA
Price / Earnings (x)NANA
Price / EBITDA (x)NANA
Price / Operating Income (x)NANA
Deal Terms
Description of Consideration
First Financial Holdings Inc. paid approx. $3.4 million to acquire American Pensions Inc. from South Financial Group Inc.
Percent Acquired (%)100.00
Purchase MethodAcquisition
Merger of Equals?NA
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerNANA

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerNANA
SellerNANA

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