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Cathay General to Buy United Heritage
Stock quotes in this article:
CATY
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Cathay General Bancorp(CATY Quote), the holding company for Cathay Bank, said Tuesday that it agreed to acquire the Edison, N.J.-based United Heritage Bank for $9.4 million in cash.
The holders of more than 50% of the shares of United Heritage have agreed to vote their shares in favor of the merger proposal.
The company said that upon completion of the merger, United Heritage shareholders will be entitled to receive $9.40 a share in cash, without interest, and before adjustments, if any. ...
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