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Stock Market & Financial Investment News

News Breaks
March 28, 2014
08:05 EDTCPFCentral Pacific announces financial results of modified 'Dutch auction' tender
Central Pacific Financial announced the final results of its modified "Dutch Auction" tender offer, which expired at 5:00 P.M., New York City time, on March 21.Based on the final count by Wells Fargo Shareowner Services, the depositary for the tender offer, Central Pacific has accepted for purchase 3,405,888 shares of Central Pacific's common stock at a purchase price of $20.20 per Share for a total cost of approximately $68,800,000, excluding fees and expenses relating to the tender offer. The tender offer was oversubscribed and, pursuant to the terms of the tender offer, Central Pacific accepted on a pro rata basis approximately 96.6% of the Shares properly tendered and not properly withdrawn at or below the purchase price of $20.20 per Share by each tendering shareholder, except for tenders of odd lots, which were accepted in full, and except for certain conditional tenders automatically regarded as withdrawn pursuant to the terms of the tender offer.
News For CPF From The Last 14 Days
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October 29, 2014
08:05 EDTCPFCentral Pacific reports Q3 EPS 23c, consensus 27c
Total assets at September 30, 2014 of $4.75 billion increased by $5.8 million from September 30, 2013, and increased by $22.5 million from June 30, 2014. Total deposits at September 30, 2014 were $4.05 billion, and increased by $141.8 million and $45.5 million from September 30, 2013 and June 30, 2014, respectively. Nonperforming assets at September 30, 2014 totaled $45.3 million, or 0.95% of total assets, compared to $42.1 million, or 0.89% of total assets at June 30, 2014.

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