<< Read Full Article
<< Read Full Article
Commercial Capital Bancorp (CCBI Quote) surged on news that Washington Mutual (WM Quote) is planning to buy the lender in a deal that values the company at $983 million.
Each Commercial Capital share will be acquired for $16 in cash. Shares of Commercial Capital rose $1.55, or 11%, to $15.70, while Washington Mutual was down 39 cents, or 0.9%, at $44.62. The companies should close the transaction in the third quarter, provided Commercial Capital shareholders and regulators approve the plan.
Separately, Commercial Capital reported earnings of $13.8 million, or 24 cents a share, for the first quarter. The company earned $23.1 million and 40 cents a share in the year-ago period. Total assets were $5.7 billion at the end of March. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |
Connect with TheStreet