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UVSP > SEC Filings for UVSP > Form 8-K on 19-Dec-2013All Recent SEC Filings

Show all filings for UNIVEST CORP OF PENNSYLVANIA | Request a Trial to NEW EDGAR Online Pro



Other Events, Financial Statements and Exhibits

Item 8.01 Other Events

On December 19, 2013, Univest Corporation of Pennsylvania (the "Corporation"), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, entered into an agreement to acquire Girard Partners, Ltd., a registered investment advisory firm with more than $500 million in assets under management. The Corporation anticipates completion of the acquisition, subject to satisfaction of customary closing conditions, in January 2014.

The Corporation will pay cash at closing with additional contingent consideration to be paid in annual installments over a five-year period after closing based on the achievement of certain levels of EBITDA (earnings before interest, taxes, depreciation and amortization). The upfront purchase price will be determined as of the closing of the acquisition. A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(a) Not applicable

(b) Not applicable

(c) Not applicable

(d) Exhibits

  No.                               Description of Document

99.1         Press release issued by Univest Corporation of Pennsylvania on
             December 19, 2013

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