Business News • MarketWire • C.A. Bancorp Inc. Announces Commencement of Substantial Issuer Bid |
C.A. Bancorp Inc. Announces Commencement of Substantial Issuer Bid |
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C.A. Bancorp Inc. Announces Commencement of Substantial Issuer Bid
TORONTO, ONTARIO--(Marketwire - Nov. 11, 2010) - C.A. Bancorp Inc. ("C.A. Bancorp" or the "Company") (TSX:BKP) announced today that it has formally commenced its previously announced substantial issuer bid (the "Offer"), pursuant to which the Corporation has offered to repurchase for cancellation up to Cdn$31 million in value of its outstanding common shares (the "Shares") from shareholders. The Offer will proceed by way of a modified "Dutch Auction" and the range of Offer prices will be Cdn$1.80 to Cdn$2.10 per Share.
View More : http://www.marketwire.com/mw/release.do?id=1352202&sourceType=3
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