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BRIEF-Alpine Associates Management intends to vote against Privatebancorp's proposed acquisition by CIBC
December 2, 2016 / 7:51 PM / a year ago

BRIEF-Alpine Associates Management intends to vote against Privatebancorp's proposed acquisition by CIBC

Dec 2 (Reuters) - Alpine Associates Management Inc

* Alpine Associates Management Inc- intends to vote against Privatebancorp’s proposed stock and cash acquisition by CIBC

* Alpine Associates Management Inc- hold approximately 1.5 million shares of Privatebancorp, Inc.

* Alpine Associates - “since U.S. Presidential election, it is clear that fundamental backdrop for regional banking industry has dramatically improved”

* Alpine Associates-believe “fair-minded view” of Privatebancorp’s valuation suggests standalone value is equal to/higher than price offered by CIBC Source text for Eikon: Further company coverage:

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