Investors boost rival takeover bid for Territorial Bancorp [Yahoo! Finance]
Territorial Bancorp Inc. (TBNK)
Last territorial bancorp inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations:
territorialsavings.net/tsb/investor-relations
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Source: Yahoo! Finance
Blue Hill Advisors LLC announced Thursday that it is offering to pay $12.50 per share for Territorial Bancorp Inc., up from $12 in its initial unsolicited bid. The cash offer aims to derail a pending acquisition of Territorial by Los Angeles-based Hope Bancorp Inc., which was agreed to in April by Territorial's board of directors. Blue Hill calls the Hope deal a “fire sale ” that Territorial shareholders should reject. Under the merger agreement with Hope, Territorial shareholders are to receive 0.8 share of Hope stock in exchange for each Territorial share they own. Territorial's board rejected the initial bid by Blue Hill twice—on Sept. 6 and 12—citing merger terms with Hope that restrict the pursuit of competing proposals unless they are “reasonably likely ” to lead to a superior proposal. The board largely questioned the ability of Blue Hill to complete a purchase. Blue Hill is an investment advisory firm, and its acquisition effort involves investors and former Bank of
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News
- Blue Hill Advisors ups cash takeover offer for Territorial Bancorp [Seeking Alpha]Seeking Alpha
- Blue Hill Advisors Announces Increased Cash Offer for Territorial Bancorp [Yahoo! Finance]Yahoo! Finance
- Territorial Bancorp Inc. (NASDAQ: TBNK) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Territorial Bancorp Reaffirms Its Board’s Commitment to Proposed Merger with Hope BancorpGlobeNewswire
- Territorial Bancorp Inc. (NASDAQ: TBNK) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
TBNK
Earnings
- 7/26/24 - Miss
TBNK
Sec Filings
- 9/26/24 - Form SC
- 9/19/24 - Form DEFA14A
- 9/18/24 - Form DFAN14A
- TBNK's page on the SEC website