Territorial Bancorp (TBNK) said Monday that proxy advisory firm Institutional Shareholder Services has recommended shareholders to vote for the proposed merger with Hope Bancorp (HOPE).
The bank holding company said ISS made the recommendation in an Oct. 18 report, noting that a tie-up with Hope is better for Territorial compared with remaining standalone considering the "strategic rationale for the combination and the issues facing the company."
Territorial shareholders are set to vote on the deal at a special meeting on Nov. 6.
TBNK dropped 4.5% and HOPE shares were down 2.4% in recent Monday trading.
Price: 10.46, Change: -0.49, Percent Change: -4.52
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。