Kuwait Finance House offers 17 percent premium in merger deal with Bahrain's AUB

DUBAI (Reuters) - Kuwait Finance House agreed the terms of its merger with Bahrain's Ahli United Bank , the two banks said in a statement on Thursday, ahead of the first major cross-border bank deal in the Gulf region.Bahrain's Ahli United Bank and Kuwait Finance House have been in merger talks since mid-2018 and the banks said in an update that their boards have now agreed that the Kuwait lender will offer one share for every 2.326 AUB shares.The statements by the two banks did not provide the..