Carver in New York rejects unsolicited takeover offer [Yahoo! Finance]
Carver Bancorp, Inc. (CARV)
US:NASDAQ Investor Relations:
carverbank.com
Company Research
Source: Yahoo! Finance
The $743 million-asset Carver, parent of the 75-year-old Carver Federal Savings Bank in Harlem, said its board reviewed and rejected an offer by Dream Chasers Capital Group to acquire a 35% interest in its common equity. Had the $3.25-per-share offer been accepted, it could have given Dream Chasers a controlling stake in one of the nation's most prominent Black banks . The offer represented a more than 100% premium to Carver's stock price when it was made in November. However, in a press release Wednesday, Carver called the offer price "unrealistically low" given the bank's "intrinsic value." Carver's shares have climbed above the $2 level several times since the offer, but they hovered just below that threshold intraday Thursday. The bank also said its board determined that Dream Chasers had "unsubstantiated financial resources" and an "anticipated inability" to obtain regulatory approval for the purchase of a material interest in Carver or to "qualify as a bank holding compan
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CARV
News
- Carver Bancorp, Inc. (NASDAQ: CARV) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Carver Bancorp, Inc. (NASDAQ: CARV) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Carver Bancorp, Inc. (NASDAQ: CARV) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Carver Bancorp, Inc. (NASDAQ: CARV) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Carver Bancorp, Inc. (NASDAQ: CARV) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
CARV
Sec Filings
- 2/28/24 - Form 4
- 2/22/24 - Form 8-K/A
- 2/21/24 - Form 8-K
- CARV's page on the SEC website