CARV - Carver Federal Savings Bank faces hostile takeover from one of its biggest shareholders
2023-08-31 13:32:21 ET
- 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.
- 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.
- CARV is +4.43% to $2.83
- Source: Press Release
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Carver Federal Savings Bank faces hostile takeover from one of its biggest shareholders