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PR Newswire is an important news source that can be accessed via the X-Billboard. It is part of the Newswire Hub, which bundles important international news sources for stock market participants in one central location. If you want to get a quick overview, you can easily scroll through the headlines. If you want to look at the news in more detail, you can use the detailed views of the info cards to directly access the respective news item and other analysis tools.
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EXPLORER
US88145X1081
State: 17.08.2024 | 11PM
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FIGI: BBG000M1LNP1
TBNK
Territorial Bancorp Inc.
GICS: - · Sector: Financial Services · Sub-Sector: Banks - Regional
NAME
Territorial Bancorp Inc.
ISIN
US88145X1081
TICKER
TBNK
MIC
XNAS
REUTERS
TBNK.OQ
BLOOMBERG
TBNK US
Sat, 26.10.2024       Territorial Bancorp
US88145X1081

Confidentially Provide Information Detailing Financial Wherewithal, Regulatory Experience and Oversubscribed Investor Interest

Reduce Minimum Tender Requirement from 70% to 51%

Call on Board to Recognize that Offer is "Reasonably Likely to Lead to a Superior Proposal"

Remind Shareholders That Board Has Failed to Justify Territorial's Sale to Hope

Urge Territorial Shareholders to Vote AGAINST Hope Sale Again at the Adjourned Special Meeting of Stockholders on November 6, 2024

HONOLULU, Oct. 25, 2024 /PRNewswire/ -- Investors behind a proposal submitted on August 26 to the Board of Directors (the "Board") of Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK) have disclosed information about themselves in an addendum sent to Territorial's outside counsel today (the "Addendum"). The investors have offered repeatedly since late August to engage with the Board and advance their proposal toward a binding agreement that they believe will be better for all Territorial stakeholders.

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Territorial Bancorp
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