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Commerce Bancshares, Inc. Message Board

  • SOUPBONE15 SOUPBONE15 Jan 9, 2002 3:34 PM Flag

    Re: Kempers / TOWER PROPERTIES

    It's my guess that bank regulators have examined any possible conflict of interest involving Commerce Bankshares, it management and Tower Properties. The Kemper relationship to this group is not a new event. Tower Properties is tightly held.

    It's still a fact that the Kempers are not the majority owners of CBSH.

    I continue to believe that they should be obligated to all other shareholder to sell with a solid offer. I for one would be disturbed of they refused to listen to a solid offer with sufficent premium anything near the multiples paid during the last industry flury of acquisitions.

    Commerce has a strong franchies in its trade area and should be a canidate for possible acquisition.

    I have held a position in this stock for over 20 years.

    Good luck. Soup.

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