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Article: Bay View Announces Acquisition of Commercial Finance Platform; Authorizes Additional $25 Million Share Repurchase and Discusses Capital Redeployment Strategies; Acquisition of EXXE Data Corporation/Concord Growth Corporation.
- Article from:
- Business Wire
- Article date:
- January 22, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN MATEO, Calif.--(BUSINESS WIRE)--Jan. 23, 1997--Bay View Capital Corporation ("Bay View"), the holding company for Bay View Federal Bank ("BVFB"), California Thrift & Loan ("CTL") and Bay View Securitization Corporation ("BVSC"), today announced that it has executed a definitive agreement to acquire EXXE Data Corporation ("EXXE") and its wholly owned nationwide commercial finance subsidiary, Concord Growth Corporation ("CGC").
Under the terms of the definitive agreement, shareholders of EXXE capital stock, warrants and options will receive an initial aggregate payment of $19.8 million at closing and will be entitled to potential future payments, dependent ...