Chittenden sets meeting date for merger vote

By Lisa Kerner

Charlotte, N.C., Oct. 23 - Chittenden Corp. shareholders will vote on the company's acquisition by People's United Financial, Inc. at a special meeting set for 10:30 a.m. ET on Nov. 28 at the company's headquarters in Burlington, Vt.

The record date for the meeting is Oct. 17, according to a form 424B3 filed with the Securities and Exchange Commission.

On June 27, People's United agreed to acquire Chittenden, a bank holding company, in a stock and cash deal valued at $1.9 billion. The boards of both companies unanimously approved a definitive agreement giving Chittenden shareholders the right to receive cash or People's United common stock for a total value of about $37 per share.

People's United, located in Bridgeport, Conn., is the holding company of People's United Bank.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.