Jun. 19 at 8:18 PM
Columbia Banking System (
$COLB) merger with Pacific Premier faces shareholder investigation. While COLB shareholders would own 70% post-merger, Halper Sadeh's scrutiny over deal terms. Bearish case strengthens - ROE fell to 1.65% in Q1 and that 6.46% dividend yield looks shaky with -86% payout ratio. Merger execution risk looms large.
https://www.prnewswire.com/news-releases/shareholder-investigation-halper-sadeh-llc-investigates-verv-sage-ctlp-colb-on-behalf-of-shareholders-302486497.html