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Blue Lion's Bank Consolidation Fund Announces Its 41st Buyout - December 15, 2022
December 2022 - Hedge Fund
December 15, 2022
MALVERN BANCORP, INC. ACQUIRED BY FIRST BANK NEW JERSEY
Blue Lion Capital is pleased to announce the 41st buyout in the Bank Consolidation Fund (“Fund”). On December 14, 2022, First Bank (FRBA) announced it was acquiring Malvern Bancorp (MLVF) in a deal valued at $149.5 million or $19.64 per share. The purchase price represents a 27% premium over MLVF’s previous closing price. The deal is a 60% stock and 40% cash transaction where MLVF shareholders will receive 0.7733 share