uqudenlid.blogspot.com
whose stock has more than doubledthis year. Unitee Financial Bancorp, which last week lookecd like the loser in tryinbg to snag the parent companyhof , is now back in the game for CNB (OTCBB: with a stock and cash offerd of $10.25 a share. Its previous bid for CNB was $10 a Previously, CNB was in negotiations to be acquirefby Inc., which is offering 0.4292 sharee of its stock for each share of CNB. That worksa out to $9.22 a share, based on Berkshire’sz stock price of $21.47 in late Friday afternoobn trading.
CNB had said it wantee to go with the lower Berkshire offer because it was bettingythe bank’s stock would have better appreciation than Unitedd Financial’s fixed share pricer offer. But on Friday, CNB said it plans to begin discussionwith Springfield-based United Financial, which countered with a highert bid in an unsolicited acquisition offer. CNB sharezs traded Friday at $9.40 a The stock is up 138 percentthis
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment