Community Valley Bancorp

Tender Price: 
$13
Last Trade: 
$11.90
Potential Gain: 
9.24%
Potential Gain Max: 
%
Tender amount: 
Up to 1,000,000 Shares of Common Stock

Ticker: CVLL

"All shares validly tendered and not withdrawn on or prior to the expiration date by or on behalf of any shareholder who beneficially owns, as of the expiration date, a total of less than 100 shares, will be accepted for purchase before proration, if any, of other tendered shares. Partial tenders will not qualify for this preference, and it is not available to beneficial holders of 100 or more shares, even if the holders have separate stock certificates for fewer than 100 shares. By accepting this Offer, a shareholder beneficially owning fewer than 100 shares may avoid the payment of brokerage commissions and the applicable odd lot discount payable in a sale of such shares in a transaction effected on a securities exchange." - 03/13/2008

There is a $0.08 dividend for record holders as of March 31st, payable in late April.

See the original post in the forum on CVLL.

Community Valley announced an offer to purchase up to 1,000,000 shares of its common stock at a purchase price of $13.00. Based on the final count by the depositary for the tender offer, shareholders have properly tendered 1,572,907 shares of its common stock. The Board of Directors of Community Valley Bancorp has elected to not exercise its oversubscription privileges in the tender offer to purchase more than 1,000,000 properly tendered shares and will purchase a total of 999,939 shares.

Phase: 
Cash Received
Financing: 
cash on hand
Expires: 
Apr 28 2008 - 17:00