- The CVRs had been issued to former shareholders of Southern Community Financial Corporation when Capital Financial (NASDAQ:CBF) acquired it in October 2012. CBF will pay $1 each for the CVRs, plus another $0.03 to those who delivered their consent prior to March 13.
- The company also announces an additional share repurchase of up to $100M of common stock, or about 7.6% of the float at today's closing price.
- Source: Press Release