CAFI: Camco Financial Corporation Merger News and Arbitrage Profit - MergerInvesting.com

2008-12-02 06:29:37
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Listed Closing Values do not include regular dividends.

Symbol Announced Date Closing Value Last Price Closing Date Profit Annualized Profit
CAFI 2008-05-07 $4.18 $5.48 Unknown -23.71 % 0.00 %

Additional Information
If the merger is completed, Camco Financial Corporation shareholders will be entitled to receive either $13.58 in cash or 0.97 shares of First Place common stock for each share of Camco common stock, subject to election and allocation procedures which are intended to ensure that 26.5 percent of Camco shares will be exchanged for cash and 73.5 percent of Camco shares will be exchanged for First Place common stock.

The stock exchange ratio of 0.97 may be adjusted in certain circumstances should the average price of First Place's stock, calculated over a period prior to closing, be greater than $16.80 or less than $11.20. Camco may terminate the merger if the average price is less than $11.20, though First Place shall have the option of increasing the exchange ratio in order to complete the transaction.

Camco Financial Corporation Merger News:

DateUpdate
2008-10-14 Camco Financial Announces Quarterly Cash Dividend (GlobeNewswire)
2008-11-28 First Place Financial Corp. and Camco Financial Corporation Merger Terminated (GlobeNewswire)


View Closing Conditions for the Camco Financial Corporation (CAFI) Merger



View Financing Conditions for the Camco Financial Corporation (CAFI) Merger






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