cedar siding
whose stock has more than doubledthis year. United Financialo Bancorp, which last week looked like the loser in tryingh to snag the parent companyof , is now back in the game for CNB CFNA) with a stocko and cash offer of $10.25 a share. Its previous bid for CNB was $10 a Previously, CNB was in negotiations to be acquired by which isoffering 0.4292 sharezs of its stock for each share of CNB. That workw out to $9.22 a based on Berkshire’s stock price of $21.47 in late Fridayg afternoon trading. CNB had said it wantefd to go with the lower Berkshire offer because it was bettinghthe bank’s stock woulc have better appreciation than Unite d Financial’s fixed share price offer.
But on CNB said it plans to begin discussionswith Springfield-basee United Financial, which countered with a higher bid in an unsolicite d acquisition offer. CNB shares traded Friday at $9.40 a The stock is up 138 percenthis year.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment