On TechRepublic: BNET Business Network: Find Articles in: Featured Download This chapter describes ten helpful actions and behaviors that will bring you... Content from our trusted partner Get your own CNET Networks Widget. Content provided in partnership with PNC Financial Services to buy United National Bancorp for 4.08 times revenue , The Deal; PNC Financial Services Group Inc. has agreed to acquire United National Bancorp in a cash and stock transaction. The total payment will consist of about 6.55 million common shares of PNC and $320 million in cash. The final value of the transaction will be based on the average PNC stock price shortly before completion of the deal. Based on recent closing prices, the deal values United National at approximately $33.89 per share. The transaction has been approved by the boards of both companies. The deal is expected to close in January 2004. Most Popular Articles in Business » Discussion: United National Bancorp is the holding company for UnitedTrust Bank. The bank operates some 50 branches in central New Jersey and eastern Pennsylvania. The bank's loan portfolio consists primarily of real estate, consumer, and commercial loans. United National ...
