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BHWB - Blackhawk Bancorp announces 1.6M buyback program
Blackhawk Bancorp Inc
Blackhawk Bancorp (BHWB) has started tender offer to repurchase up to 50,000 of its common shares at a price of $32 per share, reflecting a 4.1% premium on last close.Number of shares offered for repurchase represent 14.9% of Blackhawk Bancorp's total shares issued and outstanding as of Mar. 31, 2021The company says it intends to fund the purchase of shares tendered by issuing subordinated debt.The tender offer will expire on May 7, 2021.Press Release