Valley S-4/A Sets Dec 14 Providence Vote; ~13.0M Shares, $63.6M Cash
VLY sits 38% above its 52-week low of $10.34.
Summary
Valley's amended S-4 fixes the Providence merger mechanics: about 12.99 million shares plus $63.6 million cash, a December 14, 2026 Providence shareholder vote, and roughly 2.3% pro forma ownership for Providence holders.
Key Events · M&A and Partnerships · VLY
-
Providence Vote Set for December 14
Providence common shareholders will vote on the merger agreement at a special meeting on December 14, 2026; a majority of outstanding voting power is required, and failure to vote counts as against.
-
Deal Sized at ~13.0M Shares Plus $63.6M Cash
Valley expects to issue approximately 12,991,716 shares and pay approximately $63,604,722 in cash, based on Providence shares and net option shares outstanding as of October 26, 2026.
-
Providence Holders to Own ~2.3% of Combined Company
Former Providence holders will own approximately 2.3% of the combined company, with existing Valley shareholders retaining approximately 97.7%.
-
Per-Share Consideration $21.47 Cash Plus 4.3854 VLY Shares
Each Providence share converts into $21.47 cash plus 4.3854 Valley shares, implying about $83.08 per Providence share at Valley's October 26, 2026 close of $14.05.
Analysis · VLY · Finance
This S-4 amendment converts the previously announced $247 million Providence acquisition into a scheduled, quantified event. Valley expects to issue about 12,991,716 shares and pay about $63.6 million in cash, leaving former Providence holders with roughly 2.3% of the combined company. The Providence shareholder vote is set for December 14, 2026, and an $11.1 million break fee protects Valley. For Valley holders the dilution is modest and the deal is small relative to its $66.3 billion balance sheet, so the main read-through is execution risk around regulatory approvals and the shareholder vote rather than a change in the investment case.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 30.6% of the 1568 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, VLY was trading at $14.30 on NASDAQ in the Finance sector, with a market capitalization of approximately $7.9B. The 52-week trading range was $10.34 to $15.20. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.