Central Pacific Financial (CPF) in Honolulu will repurchase a large block of stock from two investors.
Central Pacific Financial (CPF) in Honolulu will repurchase $125 million of common stock.
Central Pacific said Monday that shareholders elected to sell about 3.4 million shares of common stock back to the $4.7 billion-asset company at or below $20.20 a share. The company said it would pay about $68.8 million for the shares it repurchases.
The company had already
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