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Acq. announced
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Colonial Financial Services, Inc. (COBK)
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Create: Alert |
All | News | Filings
| Date Filed | Type | Description |
| 09/11/2014 |
8-K
| Acquisition/merger/asset purchase announced|
Docs:
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"Agreement and Plan of Merger by and between Cape Bancorp, Inc. and Colonial Financial Services, Inc",
"Cape Bancorp, Inc. to Acquire Colonial Financial Services, Inc. CAPE MAY COURTHOUSE & VINELAND, NEW JERSEY – Cape Bancorp, Inc. , the holding company for Cape Bank, and Colonial Financial Services, Inc. , the holding company for Colonial Bank, FSB , jointly announced today they have entered into an agreement and plan of merger under which each shareholder of Colonial, subject to potential adjustments at closing, will be entitled to elect to receive either $14.50 per share in cash or 1.412 shares of Cape’s common stock, subject to 50% of the shares being exchanged for stock and 50% for cash. Based on Cape’s stock price of $10.06, as of September 9, 2014, the transaction is valued at approximately $55.0 million. The merger is expected to qualify as a tax-free reorganization for those shareho..." |
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