Commercial Federal Shareholders Approve Merger with Bank of the West
01 Novembro 2005 - 3:50PM
Business Wire
Commercial Federal Corporation (NYSE:CFB) announced today that its
shareholders have approved its merger with Bank of the West. Over
79% of the votes cast at the special meeting of shareholders were
cast in favor of the transaction. Under the terms of the merger
agreement, each share of Commercial Federal common stock will be
converted into the right to receive $34.00 in cash. Commercial
Federal will also declare a special dividend of $.50 per share
payable to shareholders of record immediately prior to the
completion of the merger. The transaction is expected to close
December 2, 2005, subject to satisfaction of customary closing
conditions. About Commercial Federal Corporation Commercial Federal
Corporation (NYSE:CFB) is the parent company of Commercial Federal
Bank, a $10.2 billion federal savings bank with branches located in
Nebraska, Iowa, Colorado, Kansas, Oklahoma, Missouri and Arizona.
Commercial Federal operations include consumer and commercial
banking services, including retail banking, commercial and
industrial lending, small business banking, construction lending,
cash management, mortgage origination and servicing, and insurance
and investment services. Forward Looking Statements This release
contains forward-looking statements, including statements regarding
anticipated timing of the transaction. Such statements reflect
management's best judgment as of this date, but they involve risks
and uncertainties that could cause actual results to differ
materially from those presented. Factors that could cause such
differences include, without limitation the risk that the
transaction closing is delayed or that the transaction does not
close and other factors described in our recent filings with the
Securities and Exchange Commission. Readers should carefully
consider those risks and uncertainties in reading this release.
Except as otherwise required by law, Commercial Federal Corporation
disclaims any obligation to update any forward-looking statements
included herein to reflect future events or developments.
Commercial Federal (NYSE:CFB)
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