CARV - Leading Bank in Harlem Faces Hostile Takeover From One of its Biggest Shareholders Dream Chasers Capital | Benzinga
NEW YORK, Aug. 31, 2023 /PRNewswire/ -- On August 14, 2023, Dream Chasers Capital Group, one of Carver Federal Savings Bank's (NASDAQ:CARV) biggest shareholders of record with a 5.5% stake, has made a significant offer to buy 35% of the bank's shares for $3 a share, a premium above the current stock price.
Dream Chasers, a New York City based minority-run Investment Fund, made the offer in a letter to Carver's Board of Directors dated August 14, 2023. Dream Chasers has been in active talks with the bank for months about acquiring a significant interest.
By making this offer, the Investment Fund hopes to take control of the bank and replace the current management and board with an already assembled world-class team of minority executives who have a combined 40 years of experience ...