Topic: Cayman National Corporation Ltd.
Ogier advises Cayman National on the first public M&A transaction
Ogier has advised Cayman National Corporation Ltd. on its response to the tender offer by Republic Bank Trinidad and Tobago (Barbados) Limited to acquire up to 74.99 percent of its issued share capital from Cayman National shareholders.
Cayman National stock price dips to $4
As the Republic Bank Trinidad and Tobago (Barbados) Ltd. nears the finalization of its acquisition of Cayman National Corporation Ltd., the local bank’s stock price has dipped from US$6.25 per share to US$4.
Republic Bank gets acceptances to buy 87 percent of Cayman National shares
Republic Bank Trinidad and Tobago (Barbados) Ltd. has received acceptances to buy 87.39 percent of the shares of local bank Cayman National Corporation Ltd., according to an announcement Thursday on the Cayman Islands Stock Exchange.
Cayman National shareholders take final step to effect sale
Shareholders voted on Wednesday to remove a restriction on any single entity owning more than 10 percent of Cayman National Corporation Ltd., a move that will allow Republic Bank Trinidad and Tobago (Barbados) Ltd. to finalize its acquisition of the local bank.
Trinidad bank extends offer for Cayman National stock
The Republic Bank Trinidad and Tobago (Barbados) Ltd.’s offer to purchase shares of the local bank Cayman National Corporation Ltd. was scheduled to expire on Monday, but has now been extended to Nov. 12, according to an announcement on the Cayman Islands Stock Exchange.
Trinidad bank acquires majority ownership in Cayman National
The Republic Bank Trinidad and Tobago (Barbados) Ltd. has acquired majority ownership in local bank Cayman National Corporation Ltd.
Cayman National shareholders pave way for bank’s sale
After a spirited debate on Tuesday night, shareholders of Cayman National Corporation Ltd. voted to remove a restriction on anyone owning more than 10 percent of the local bank’s stock.
Directors to sell Cayman National shares
All but one of the directors of local bank Cayman National Corporation Ltd. intend to sell their shares to the Republic Bank Trinidad and Tobago (Barbados) Ltd., according to a recently released directors’ circular, which provides more details about Republic Bank’s attempted acquisition of Cayman National.
Opposition, government clash over proposed Cayman National deal
As shareholders of local bank Cayman National Corporation Ltd. mull an offer by the Republic Bank Trinidad and Tobago (Barbados) Ltd. to buy up to 74.99 percent of their shares, the territory’s opposition legislators are calling for the “repayment” of a $20 million “investment” government made into a former Cayman National subsidiary in 2005.
Trinidad bank makes ‘possible offer’ for Cayman National
Local bank Cayman National Corporation Ltd. announced Monday that it has received a “possible partial offer” from the Republic Bank Trinidad and Tobago (Barbados) Ltd. to buy between 51 percent and 74.99 percent of its issued shares by way of a tender offer to the national bank’s shareholders.
