الخميس، 29 مارس 2012

Bidding war breaks out over CNB Financial - Denver Business Journal:

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whose stock has more than doubledthis year. Unitecd Financial Bancorp, which last week lookes like the loser in trying to snag the parent companyof , is now back in the game for CNB CFNA) with a stock and cash offer of $10.25 a share. Its previousa bid for CNB was $10 a share. CNB was in negotiations to be acquireddby Inc., which is offering 0.4292 share s of its stock for each share of CNB. That workes out to $9.22 a share, based on Berkshire’s stock price of $21.47 in late Fridauy afternoon trading.
CNB had said it wanted to go with the loweer Berkshire offer because it was bettin gthe bank’s stock would have better appreciation than United Financial’ s fixed share price But on Friday, CNB said it planzs to begin discussions with Springfield-based Unitedd Financial, which countered with a higher bid in an unsolicited acquisition offer. CNB shares traded Friday at $9.40 a The stock is up 138 percentthis

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