First Bancshares up after Renasant to buy company in $1.2 bln deal
** Shares of First Bancshares FBMS.N up ~7% at $32.71 after the bell
** Regional lender Renasant Corp RNST.N agrees to buy rival First Bancshares in an all-stock deal valued at $1.2 bln, companies say in joint announcement
** First Bancshares' shareholders to receive one share of Renasant for each held, valuing the lender at $37.09/share, based on Renasant's Friday close
** Offer represents a 20.4% premium to First Bancshares' Friday close
** Deal is expected to close in the 1H25
** Up to last close, FBMS up about 4%, RNST up about 7% YTD
Reporting by Anuja Bharat Mistry in Bengaluru
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