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HarborOne Bancorp Inc (MHC) of Brockton, Mass., is acquiring Warwick, R.I.-based Coastway Bancorp Inc.
The buyer is paying $28.25 per Coastway share, in cash, or $125.6 million in aggregate. SNL calculates the deal value to be 173.8% of book and tangible book and 44.1x earnings, on a per-share basis. It is also 16.99% of assets and 26.33% of deposits and pays a premium to tangible book that is 14.23% of core deposits. The deal carries a one-day premium of 27.02%, based...