Blue Hill Advisors reiterates superior $12.50 cash offer for Territorial Bancorp Inc.
Acquiring Company
Blue Hill Advisors
Acquired Company
Territorial Bancorp
HonoluluHonoluluFinancial ServicesFinancial ServicesFinanceLendingBankingDescription
Blue Hill Advisors and former Hawaii banking executive Allan Landon reiterated their previously announced superior $12.50 per share cash offer for Territorial Bancorp Inc. The updated presentation highlighted the reasons for opposing the Hope 'merger' and provided a fact check on Territorial's claims about the proposed merger with Hope and the investor proposal. Blue Hill Advisors urged Territorial shareholders to remain unreservedly opposed to the 'merger' with Hope, emphasizing the second lowest valuation of an announced bank merger since 1983 and the substantial 26% premium or the opportunity to participate in Territorial's recovery offered by the investor proposal.
Quick answer
Blue Hill Advisors is acquiring Territorial Bancorp, announced October 9, 2024. Blue Hill Advisors is based in Honolulu, Hawaii, United States.
- How much did Blue Hill Advisors pay for Territorial Bancorp?
- The deal value was not disclosed.
- What does Blue Hill Advisors do?
- Blue Hill Advisors LLC is an advisor to and investor in regional and community banks.
- Where are Blue Hill Advisors and Territorial Bancorp based?
- Blue Hill Advisors is based in Honolulu, Hawaii, United States. Territorial Bancorp is based in Honolulu, Hawaii, United States.
Source: Fundz verified event record.
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Frequently asked
Who acquired Territorial Bancorp?
Territorial Bancorp was acquired by Blue Hill Advisors, based in Honolulu. The deal was reported on October 9, 2024. Blue Hill Advisors LLC is an advisor to and investor in regional and community banks. Blue Hill Advisors is privately held and operates in Financial Services.
When did Blue Hill Advisors acquire Territorial Bancorp?
Blue Hill Advisors's acquisition of Territorial Bancorp was reported on October 9, 2024. Blue Hill Advisors and former Hawaii banking executive Allan Landon reiterated their previously announced superior $12.50 per share cash offer for Territorial Bancorp Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Territorial Bancorp do?
Territorial Bancorp Inc. is the stock holding company of Territorial Savings Bank, a state-chartered savings bank originally chartered in 1921. It is privately held, operating in Financial Services, and is based in Honolulu.
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