SVB Financial Group Reiterates That It Will Not Increase Purchase Price for Boston Private
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SANTA CLARA, Calif., April 30, 2021 /PRNewswire/ SVB Financial Group ( SVB ) (NASDAQ: SIVB) remains fully committed to the merger with Boston Private Financial Holdings, Inc. ( Boston Private ) (NASDAQ: BPFH) and looks forward to completing the transaction. However, in response to HoldCo Asset Management s letter, SVB is reiterating that under no circumstance will it increase the purchase price, including if the deal is not approved by Boston Private s shareholders.
About SVB Financial Group
For more than 35 years, SVB Financial Group (NASDAQ: SIVB) and its subsidiaries have helped innovative companies and their investors move bold ideas forward, fast. SVB Financial Group s businesses, including Silicon Valley Bank, offer commercial and private banking, asset management, private wealth management, brokerage and investment ser
SVB Financial Group Confirms Announced Purchase Price for Boston Private is Best and Final
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SANTA CLARA, Calif., April 27, 2021 /PRNewswire/ On April 27, 2021 Boston Private Financial Holdings, Inc. ( Boston Private ) (NASDAQ: BPFH) adjourned its special meeting of shareholders until May 4, 2021 to solicit additional votes in support of the merger between Boston Private and SVB Financial Group ( SVB ) (NASDAQ: SIVB). To provide clarity to Boston Private shareholders, SVB is confirming it will not increase the purchase price if Boston Private shareholders do not approve the transaction at the adjourned meeting.
About SVB Financial Group
Independent Proxy Advisory Firm ISS Recommends Boston Private Shareholders Vote FOR the Proposed Transaction with SVB Financial apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.