Replies to post #20 on BNC Bancorp (BNCN)

[Enterprising Investor]

South Street Financial Corp. closed yesterday at $5.88.

SSFC shareholders to receive cash in an amount of $8.85 per share or between 0.6000 and 0.6941 shares of BNC common stock.

BNCN closed at $14.56 per share, putting the value between $8.74 and $10.11.

[56Chevy]

How Two Small Thrifts Sold for More Than Expected

DEC 18, 2013 5:02pm ET

BNC Bancorp's deals to spend $48 million on two lenders with sizable levels of nonperforming assets show that strugglers can command stronger prices in markets where aggressive banks are under pressure to buy.

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http://www.americanbanker.com/issues/178_242/how-two-small-thrifts-sold-for-more-than-expected-1064428-1.html

*I would like to read more.... but no subscription to American Banker :( ....However what they do reveal is very confirming.