logo
Plus   Neg
Share
Email

Boston Private Financial Board Recommends Shareholders Vote For Transaction With SVB Financial

Boston Private Financial Holdings, Inc. (BPFH) said its Board unanimously recommended that shareholders vote for the proposed transaction with SVB Financial Group
(SIVB) and for the other matters to be considered at the April 27, 2021 special meeting. The Board believes HoldCo Asset Management, LP's proposal is a reckless gamble based on arguments without merit. The special meeting of Boston Private shareholders to approve the transaction is scheduled for April 27, 2021.

"If the merger with SVB Financial is completed, holders will be entitled to receive, for each share of Boston Private common stock owned, $2.10 in cash and 0.0228 shares of SVB Financial common stock, an implied value of $13.12 per share of Boston Private common stock," the Board noted.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walt Disney World, the Orlando, Florida-based entertainment complex, is easing the health safety guidelines that were rolled out to prevent the spread of the ongoing COVID-19 pandemic. The complex is ending temperature checks in a phased manner following the advice of the Centers for Disease Control and Prevention (CDC) and local health officials. Frito-Lay North America, the convenient foods division of food and beverages giant PepsiCo, Inc., is recalling select Ruffles All Dressed Potato Chips citing the possible presence of undeclared milk ingredients, a known allergen, the U.S. Food and Drug Administration said. According to the agency, the recalled products may have distributed regionally to Walmart's Sam's Club Warehouses. Pfizer Inc. (PFE) and BioNTech SE (BNTX) announced Friday that they have initiated the Biologics License Application (BLA) process with the U.S. Food and Drug Administration (FDA) for approval of their mRNA vaccine to prevent COVID-19 in individuals 16 years of age and older. The companies initiated...
Follow RTT