The votes had some last-minute drama when Shaul Kopelwitz, a big
Pacific Enterprise shareholder, disclosed that he would vote
against the $53 million deal. He took issue with the discounted pricing of
the acquisition.
The $2.1 billion-asset BayCom agreed
in September to buy the $647 million-asset Pacific Enterprise.
BayCom said it has already received all required regulatory approvals. It
expects to complete the acquisition in the first quarter.
No comments:
Post a Comment