Carver Bancorp Rejects Dream Chasers Offer, Cites Reputational Risks [MarketWatch]
Carver Bancorp, Inc. (CARV)
US:NASDAQ Investor Relations:
carverbank.com
Company Research
Source: MarketWatch
The holding company for Carver Federal Savings Bank said its board determined that the adverse publicly disclosed regulatory history of Dream Chasers' leadership posed "unacceptable reputational risks" to Carver's standing and credibility. Its review also found the proposal to be deficient with respect to structural details and implied valuation, among other measurements. Advertisement "The board definitively determined that an association with Dream Chasers of any type is not in the best interest of Carver, its shareholders, and its community stakeholders," the New York-based company said. Dream Chasers earlier this month said it met with Carver's board. This came a little more than two months after Dream Chasers, one of Carver's minority shareholders, raised its buyout offer for the bank to $3.25 a share from its offer of $3 a share in August. Write to Denny Jacob at denny.jacob@wsj.com
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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