Yakira Capital Refutes Territorial Bancorp's Board of Directors' Public Concerns Related to Acquisition Offer from Blue Hill Advisors [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
WESTPORT, Conn. Oct. 24, 2024 /PRNewswire/ -- Yakira Capital Management, an investment manager based in Westport, CT , has been compelled to issue an additional public response regarding Territorial Bancorp's (NASDAQ: TBNK) Board of Directors' rejection to consider a superior acquisition offer from the Blue Hill Advisors consortium, in favor of a merger with Hope Bancorp "Hope" (NASDAQ: HOPE). With 111,247 shares (approximately 1.23%), Yakira is one of the largest shareholders of Territorial, and has urged the Board of Directors to at least examine an acquisition offer by Blue Hill. Territorial shareholders should not have to fight for the Board to declare a proposal with a 25% premium to be "reasonably likely to be superior" to the Hope transaction. The Board has expressed concerns about the Blue Hill offer. We urge the Board, acting as fiduciaries to shareholders, to deem the Blue Hill offer as "likely to lead to a superior offer" and immediately open negotiations with the consor
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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