BUZZ-Boston Private: Potential acquisition target

Thu Feb 5, 2015 2:09pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Regional bank company's shares jump +18 pct and among top NASDAQ Composite gainers on takeover speculation

** Royal Bank of Canada and CIBC looked at BPFH as potential acquisition target, according to people familiar with the matter, WSJ reports - WSJ (

** WSJ says unable to confirm if BPFH is running an active auction process

** Stock having best day since September 2009, trades 8x average 30-day volume

** Up to Wednesday's close, shares had fallen 10 pct since company reported 4Q 2014 results below estimates on Jan 21