Fortress Biotech and National Holdings Announce Agreement

Subsidiary of Fortress Biotech to Make $3.25/Share Tender Offer for All Outstanding National Holdings Shares
 
NEW YORK, NY--(April 28, 2016) -National Holdings Corporation (NHLD) ("National Holdings" or "NHLD"), a full-service investment banking and asset management firm, and Fortress Biotech, Inc. (FBIO) ("Fortress" or "FBIO"), a biopharmaceutical company dedicated to acquiring, developing and commercializing novel pharmaceutical and biotechnology products, announce today that the two firms have entered into a definitive agreement (the "Agreement") pursuant to which Fortress will offer to purchase, through its wholly owned subsidiary, FBIO Acquisition, Inc., up to 100% of the shares of National Holdings at $3.25 per share in cash. The offer price represents a premium of ~44% over the closing price of NHLD common stock on April 27, 2016, the last trading day prior to today's announcement.
 
National Holdings' board of directors has approved the Agreement and is remaining neutral and making no recommendation to the NHLD shareholders as to whether to accept the offer and tender their shares pursuant to the offer.
Published: 28 April 2016
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Callidus Capital Announces Substantial Issuer Bid and Reports Significant Gains in Earnings, Revenues and Loan Portfolio Growth in 2015

Note: All amounts in Canadian dollars unless otherwise indicated.
 
Substantial Issuer Bid
The Board of Directors has approved a substantial issuer bid of up to $50 million at a price of $14 per common share (the "SIB"), which could result in the repurchase and cancellation of up to 3,571,428 common shares if the maximum number of shares is tendered
In connection with the issuer bid, the Board of Directors retained National Bank Financial Inc. to prepare a formal valuation of the common shares (the "Valuation"). The Board of Directors expects that the fair market value of the common shares to be provided for in the valuation will be substantially and materially higher than the $14 per common share offered under the SIB
The Board expects that the Valuation will be filed and that the offering documents will be mailed to shareholders by April 22, 2016.
Published: 31 March 2016
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Oklahoma City-based MidFirst Bank and Los Angeles-based 1st Century Bank announce agreement to merge

OKLAHOMA CITY and LOS ANGELES, March 10, 2016  -- Midland Financial Co., the holding company for MidFirst Bank, and 1st Century Bancshares, Inc. (FCTY), the holding company for 1st Century Bank, National Association, jointly announced today they have entered into a definitive agreement pursuant to which Midland will acquire 1st Century Bancshares.  Simultaneously with the closing of the acquisition, 1st Century Bank will be merged into MidFirst Bank.  Following these transactions, the business of 1st Century Bank will continue to operate under the 1st Century brand as a division of MidFirst Bank.
 
1st Century Bank operates three locations in the Los Angeles, California market, serving the unique needs of businesses and professionals on the Westside of Los Angeles, and is distinguished as the premier private bank in the area.
Published: 11 March 2016
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Pinnacle Financial Partners Announces Agreement to Merge with Avenue Financial Holdings

Merger brings together the top two community banks in Nashville, Tennessee
Immediately accretive to operating earnings

NASHVILLE, Tenn.---Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) (“Pinnacle”) and Avenue Financial Holdings, Inc. (Nasdaq/NGS: AVNU) (“Avenue”) jointly announced today the signing of a definitive agreement for Avenue to merge into Pinnacle. The proposed merger of Avenue with and into Pinnacle has been approved unanimously by each company’s Board of Directors and is expected to close either late in the second quarter or early in the third quarter of 2016. Completion of the transaction is subject to satisfaction of customary closing conditions, including the receipt of required regulatory approvals and the approval of Avenue’s shareholders. Avenue’s bank subsidiary, Avenue Bank, and Pinnacle Bank are expected to merge simultaneously with the merger of the respective parent companies.

Published: 29 January 2016
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OceanFirst Financial Corp. Expands Central and Southern New Jersey Presence With Cape Bancorp, Inc. Merger

TOMS RIVER, N.J. and CAPE MAY COURT HOUSE, N.J., Jan. 05, 2016  -- OceanFirst Financial Corp. (“OceanFirst”) (OCFC), headquartered in Toms River, New Jersey, and Cape Bancorp, Inc. (“Cape”) (CBNJ), headquartered in Cape May Court House, New Jersey, jointly announced today that they have entered into a definitive agreement and plan of merger pursuant to which Cape, the holding company and parent of Cape Bank, will merge with and into OceanFirst, the holding company and parent of OceanFirst Bank. Cape Bank will also merge with and into OceanFirst Bank. The transaction is valued at approximately $15.00 per Cape common share or approximately $208.1 million in the aggregate.

Published: 06 January 2016
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