C.A. Bancorp “Will Consider” Unsolicited Offer from CDJ Global Catalyst
Posted on: November 29, 2012 by Connie LoizosNo Comments »
Yesterday, New York-based CDJ Global Catalyst, the largest shareholder of Toronto, Ontario-based C.A. Bancorp, said it intends to make an all-cash offer to acquire all of the issued and outstanding shares of the publicly traded merchant bank, for roughly $38.65 million. Today, C.A. Bancorp’s board announced that it “will consider” the unsolicited offer and “will communicate with C.A. Bancorp shareholders if and when the offer is formally made.”
