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Stock impact report

Blue Hill Advisors and Investors Reaffirm Commitment to Territorial Transaction; Will Stand by Offer if Hope Deal Terminates [Yahoo! Finance]

Territorial Bancorp Inc. (TBNK) 
Last territorial bancorp inc. earnings: 4/30 04:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Commit to Completing Transaction on the Same Proposed Terms if Sale to Hope Terminates Urge Territorial Shareholders to Vote AGAINST Hope Sale Again at the Adjourned Special Meeting of Stockholders on November 6, 2024 HONOLULU Oct. 17, 2024 /PRNewswire/ -- Former Hawaii banking executive Allan Landon, Blue Hill Advisors and other leading bank investors today reaffirmed their commitment to successfully completing a transaction with Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK) and clarified their intent to stand by their offer if shareholders vote down the proposed sale to Hope Bancorp, Inc. ("Hope") (NASDAQ: HOPE) at the adjourned Special Meeting of Stockholders on November 6 Mr. Landon and the investors, which also include O'Brien-Staley Partners and veteran bank investor Mark Lynch , have favored a collaborative approach with Territorial's Board of Directors (the "Board"). However, the Board has rejected multiple requests by the investors to engage Show less Read more
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