ETA2015-5 - Details Concerning the “Plan of Conversion and Reorganization” for Beneficial Mutual Bancorp, Inc. (BNCL)
OREANDA-NEWS. The Plan of Conversion and Reorganization (the “Plan”) whereby the shares of Beneficial Mutual Bancorp, Inc. will be exchanged (converted) into shares of Beneficial Bancorp, Inc. is expected to become effective Tuesday, January 13, 2015. Under the plan, each existing share of Beneficial Mutual Bancorp, Inc. will be exchanged for 1.0999 shares of Beneficial Bancorp, Inc. The symbol will remain “BNCL”.
Company: | Beneficial Mutual Bancorp, Inc. |
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Issue: | Common Stock |
CUSIP: | 08173R104 |
Symbol: | BNCL |
The reorganized shares are expected to commence trading on January 13, 2015. See details below:
Company: | Beneficial Bancorp, Inc. |
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Issue: | Common Stock |
CUSIP: | 08171T102 |
Symbol: | BNCL |
Conversion Ratio: | 1.0999 shares of new stock for each share held |
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