Columbia Financial, Inc. and Northfield Bancorp, Inc. Announce Mailing of Merger Consideration Election Materials and Deadline to Elect Preferred Form of Merger Consideration
Columbia Financial has mailed election materials to Northfield Bancorp stockholders to determine the mix of stock and cash consideration they will receive upon the merger's closing. Stockholders have until July 10, 2026, to elect their preference, with the specific exchange ratio and cash amount dependent on the final appraised full conversion value of Columbia.
Key figures
- Exchange ratio low
- 1.425
- Exchange ratio mid
- 1.45
- Exchange ratio high
- 1.465
- Cash consideration low
- $14.25
- Cash consideration mid
- $14.50
- Cash consideration high
- $14.65
- Max cash proration percent
- 30
- Appraised full conversion value
- $2.291 billion
AI analysis
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