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Stock impact report

Investors Behind Territorial Proposal Advance Offer with Detailed Disclosure to Board

Territorial Bancorp Inc. (TBNK) 
Last territorial bancorp inc. earnings: 4/30 04:30 pm Check Earnings Report
Company Research Source: PR Newswire
Confidentially Provide Information Detailing Financial Wherewithal, Regulatory Experience and Oversubscribed Investor InterestReduce Minimum Tender Requirement from 70% to 51%Call on Board to Recognize that Offer is "Reasonably Likely to Lead to a Superior Proposal"Remind Shareholders That Board Has Failed to Justify Territorial's Sale to HopeUrge Territorial Shareholders to Vote AGAINST Hope Sale Again at the Adjourned Special Meeting of Stockholders on November 6, 2024HONOLULU, Oct. 25, 2024 /PRNewswire/ -- Investors behind a proposal submitted on August 26 to the Board of Directors (the "Board") of Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK) have disclosed information about themselves in an addendum sent to Territorial's outside counsel today (the "Addendum"). The investors have offered repeatedly since late August to engage with the Board and advance their proposal toward a binding agreement that they believe will be better for all Territorial stakehol Show less Read more
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