The preliminary voting results are subject to certification by First Coast Results, an independent inspector of the election. HoldCo Asset Management, a New York investor that owns about 4.9% of Boston Private’s shares, had opposed the deal, arguing that the seller failed to consider other potential buyers and did not attract an acceptable price.
The merger, which still needs regulatory approval, is expected to close in mid-2021. Boston Private initially planned to hold the vote in late April but was forced to delay it in order to collect more approvals.
The News Highlights
- Boston Private shareholders approve sale to SVB Financial
- Check the latest News news updates and information about business, finance and more.
For Latest News Follow us on Google News
- Show all
- Trending News
- Popular By week