Replies to post #25 on Liberty Bell Bank (fka LBBB)

[norweger1979]

LBBB $1.65

merger terms
Under the Agreement, each Liberty shareholder will be entitled to elect to receive either 0.2857 shares of Delmar common stock, or $1.70 in cash, for each share of Liberty common stock they own, provided that in the aggregate 70% of the shares of Liberty common stock must be converted into Delmar common stock and 30% of the shares of Liberty common stock must be converted into cash.

currently DBCP trades at $7.00 Bid

$7 x 0.2857 = $1.9999

vs.

$1.70 Cash offer

clearly the market pricing currently favors stock exchange

[Enterprising Investor]

Brilliant!

Never would have expected a merger between LBBB and DBCP.

Despite both banks being on my short watch list, the proceeds from the sale of FOFN did not find their way into either one of these banks.