Proxy firm advocates investors reject Hope bid for Territorial [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
proxy advisory firm, has recommended that shareholders of Territorial Bancorp Inc. vote against the proposed merger between Territorial and Los Angeles-based Hope Bancorp Inc. at Territorial's shareholders meeting Oct. 10. In its report, ISS said Hope's takeover of Territorial is not in the best interest of the company's shareholders because Hope's offer does not appear to maximize the value for shareholders. ISS said Hope's merger agreement restrictions accepted by the board limit Territorial's ability to engage with a competing bidder and that the deal was announced when Territorial was near its all-time low trading price. Blue Hill raised its offer last week for Territorial to $12.50 per share, up from an earlier $12-per-share offer. Territorial's stock closed Tuesday at $10.16. Hope has a pending agreement to buy the parent of Territorial Savings Bank, Hawaii's fifth largest, for 0.8 share of Hope stock in exchange for each Territorial share they own. Territorial says Blue
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TBNK
News
- Territorial Bancorp Inc. (NASDAQ: TBNK) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Territorial Bancorp Inc. (NASDAQ: TBNK) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Territorial Bancorp Shareholders Approve Hope Bancorp MergerGlobeNewswire
- Territorial Bancorp Inc. (NASDAQ: TBNK) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Territorial Reaffirms Board of Directors Recommendation that Territorial Shareholders Vote “FOR” Hope Bancorp MergerGlobeNewswire
TBNK
Earnings
- 7/26/24 - Miss
TBNK
Sec Filings
- 11/13/24 - Form 10-Q
- 11/8/24 - Form SC
- 11/8/24 - Form SC
- TBNK's page on the SEC website