Salt Lake-based Zions Bancorp. on Tuesday announced the results of Amegy Bancorp. shareholders regarding consideration of Zions' acquisition of Amegy
Of the more than 71.4 million shares of Amegy common stock outstanding as of Saturday, more than 25.8 million elected to receive cash, more than 39.3 million elected to receive Zions common stock, and more than 6.3 million did not make a valid election, Zions said.
Actual merger consideration for each share depends on several factors, but the total will be no more than $600 million. The merger is expected to be completed by Saturday.