NTB - Bank of N.T. Butterfield & Son announces unsolicited mini-tender offer
- Bank of N.T. Butterfield & Son ( NYSE: NTB ) said Friday it received an unsolicited offer by New York Stock and Bond to purchase up to 50K of its shares, or ~0.1% of outstanding shares, at $21/share.
- NTB said the mini-tender offer was made at a price below the its current stock price, or 36.1% discount to its last close.
- The firm does not recommend or endorse acceptance of this mini-tender offer.
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Bank of N.T. Butterfield & Son announces unsolicited mini-tender offer