Southstate corporation and atlantic capital bancshares announce merger agreement

Winter haven, fla. and atlanta, july 23, 2021 /prnewswire/ -- southstate corporation (nasdaq: ssb) ("southstate" or the "company") and atlantic capital bancshares, inc. (nasdaq: acbi) ("atlantic capital") jointly announced today the signing of a definitive agreement pursuant to which atlantic capital will merge with and into southstate in an all-stock transaction with an aggregate value of approximately $542 million, or $26.43 per share of atlantic capital common stock.
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