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Article: Greater Atlantic Financial Corp., MidAtlantic Bancorp, Inc., and GAF Merger Corp. Announce Extension of Offer to Purchase to 5:00 p.m., Eastern Time, on October 26, 2009.
- Article from:
- PR Newswire
- Article date:
- October 14, 2009
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RESTON, Va., Oct. 14 /PRNewswire-FirstCall/ -- Greater Atlantic Financial Corp. (Pink Sheets: GAFC) ("Greater Atlantic"), MidAtlantic Bancorp, Inc. and GAF Merger Corp. today announced the extension of the expiration date for the offer to purchase for cash not less than 505,040 and up to 649,151 Greater Atlantic Capital Trust I 6.50% Cumulative Convertible Trust Preferred Securities (the "Securities") to 5:00 p.m., Eastern Time, on October 26, 2009.
As of October 14, 2009, holders of Securities had tendered an aggregate of 218,373 Securities. Holders of the Securities who participate in the tender offer will receive $1.05 in cash for each Security validly ...