Unity Bancorp Inc
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Financials : Banks | Small Cap BlendCompany profile

Unity Bancorp, Inc. is a bank holding company that serves as a holding company for Unity Bank (the Bank). The Company's primary business is ownership and supervision of the Bank. The Company, through the Bank, conducts a traditional and community-oriented commercial banking business and offers services, such as personal and business checking accounts, time deposits, money market accounts and regular savings accounts. It engages in lending activities and offers commercial, small business administration, consumer, mortgage, home equity and personal loans. The Bank is a full-service commercial bank, that provides business and consumer financial services through its office in Clinton, New Jersey and over 14 New Jersey branches located in Clinton, Edison, Flemington, Highland Park, Linden, Middlesex, North Plainfield, Phillipsburg, Scotch Plains, Somerset, South Plainfield, Union, Washington and Whitehouse. The Bank has over one Pennsylvania branch located in Forks Township.

Closing Price
$21.44
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
9,580
0

UPDATE: Caesars' stock soars after Eldorado buyout deal values casino operator at about $8.6 billion

6:56 am ET June 24, 2019 (MarketWatch)
Print

Shares of Caesars Entertainment Corp. (CZR) soared 16% toward an 11-month high in premarket trading Monday, after the casino operator agreed to be bought out by Eldorado Resorts Inc. (ERI) in a deal that values Caesars at about $8.6 billion. Under terms of the deal, Caesars shareholders will receive a value of $12.75 for each share they own, which represents a 28% premium to Friday's stock closing price. The buyout bid consists of $8.40 in cash and 0.0899 Eldorado shares, based on the 30-day volume-weighted average price of Eldorado shares as of May 23. The total value of the deal is $17.3 billion, including $7.2 billion in cash, 77 million Eldorado shares and the assumption of Caesars debt. "Eldorado's combination with Caesars will create the largest owner and operator of U.S. gaming assets and is a strategically, financially and operationally compelling opportunity that brings immediate and long-term value to stakeholders of both companies," said Eldorado Chief Executive Tom Reeg. Separately, Eldorado announced a deal with VICI Properties Inc. (VICI) in which VICI will buy the real estate associated with three Harrah's branded assets for $1.8 billion and leases to two casino assets are amended. Eldorado's stock dropped 6.1% ahead of the open while VICI shares were still inactive. Caesars' stock has rallied 15% over the past three months while the S&P 500 has gained 5.4%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 24, 2019 06:56 ET (10:56 GMT)

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