AMENDED AND RESTATED RIGHTS AGREEMENTRights Agreement • July 31st, 2002 • Bank of Bermuda LTD • Functions related to depository banking, nec
WITNESSETHRights Agreement • April 22nd, 2002 • Bank of Bermuda LTD
HSBC AGREES TO ACQUIRE BANK OF BERMUDABank of Bermuda LTD • October 28th, 2003 • Functions related to depository banking, nec
(28 October 2003) HSBC Holdings plc (“HSBC”) and The Bank of Bermuda Limited (“Bank of Bermuda”) have entered into an agreement under which HSBC will acquire Bank of Bermuda, in a transaction valued at US$1.3 billion. Under the terms of the agreement shareholders of Bank of Bermuda will receive a total of US$45 per Bank of Bermuda share in cash, comprising US$40 from HSBC and BD$5 as a special dividend from Bank of Bermuda which, under existing arrangements, may be taken in US dollars. This total of US$45 per share represents a 16.3% premium over the Nasdaq average closing price for the three months to 24 October 2003. Bank of Bermuda will pay the special dividend to the shareholders of record immediately before the closing date. The cash consideration payable by HSBC will be made available from resources within the HSBC Group.
TRANSACTION AGREEMENT AND PLAN OF AMALGAMATION by and among HSBC HOLDINGS PLC, THE BANK OF BERMUDA LIMITED and SOMERS INVESTMENT COMPANY LIMITED Dated as of October 27, 2003Transaction Agreement and Plan of Amalgamation • October 31st, 2003 • Bank of Bermuda LTD • Functions related to depository banking, nec
TRANSACTION AGREEMENT AND PLAN OF AMALGAMATION, dated as of October 27, 2003 (this “Agreement”), by and among HSBC Holdings plc, a public limited company incorporated in England and Wales (“Parent”), The Bank of Bermuda Limited, a body corporate incorporated under the laws of Bermuda (the “Company”) and Somers Investment Company Limited, a body corporate incorporated under the laws of Bermuda (“Amalgamation Sub”).
