Boston Private Financial Holdings (BPFH) announced after the bell Tuesday that it has entered into an agreement with The Carlyle Group (CG) to repurchase all of the shares of BPFH preferred stock held by an investment fund managed by Carlyle. The stock is now up 1.31 on 17K shares.
Boston Private Financial was range-bound throughout Tuesday's session and closed up by 0.18 at $9.59. The stock finished at the lower end of a 2-week range.
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