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Stock impact report

Investors Behind Territorial Proposal Advance Offer with Detailed Disclosure to Board [Yahoo! Finance]

Territorial Bancorp Inc. (TBNK) 
Last territorial bancorp inc. earnings: 4/30 04:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Reduce 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 Hope Urge Territorial Shareholders to Vote AGAINST Hope Sale Again at the Adjourned Special Meeting of Stockholders on November 6, 2024 HONOLULU 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 stakeholders. The Addendum offers additional details about the seven seasoned bank investors backing the proposal, whos Show less Read more
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