Seeking Alpha

TF Financial Corporation (THRD)

THRD is defunct.
  • Jun. 4, 2014, 7:13 AM
    • TF Financial (THRD) owners can elect to receive either $42 per share in cash or 4.22 shares of National Penn (NPBC) stock for each share of THRD they own.
    • THRD closed at $31.84 last night, NPBC at $10.44.
    • The total deal value is $138M, and the purchase price amounts to 20x earnings and 1.44x tangible book value.
    • Source: Press Release
    | Jun. 4, 2014, 7:13 AM | Comment!
Company Description
TF Financial Corp is a holding company for 3rd Fed Bank and offers savings, loans and other financial services.
Sector: Financial
Industry: Savings & Loans
Country: United States