We get to trade our equity that's now trading at 0.8x tangible book, for an equity that's trading at over 2x that valuation at 1.9x tangible book. NO THANKS, RON. You aren't looking out for your shareholders, buddy. Not even close. If this is even close to as symbiotic as both managements have stated, then we deserve a bigger piece of the new, combined pie. I will fight this however I can. What a joke.
This deal is NOT done. The shareholders of both companies have to approve. HCBK is not going to get this approval. Not my shares at least, and from the sound of others on this message board, not theirs either.
Ronnie thru in the towel. I always had faith in him, but he made me a fool. There may be several more bank M & A's in the future, and they will SURELY be better for the stock holders than this was for the HCBK faithful. Ronnie should be ashamed of himself.