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whose stock has more than doubled this UnitedFinancial Bancorp, which last week lookexd like the loser in trying to snag the paren company of , is now back in the game for CNB CFNA) with a stock and cash offere of $10.25 a share. Its previous bid for CNB was $10 a Previously, CNB was in negotiations to be acquiredrby Inc., which is offering 0.4292 sharezs of its stock for each share of CNB. That workas out to $9.22 a share, based on Berkshire’s stocl price of $21.47 in late Friday afternoon trading.
CNB had said it wantecd to go with the lowefr Berkshire offer because it was bettintthe bank’s stock would have better appreciation than Uniterd Financial’s fixed share price offer. But on CNB said it plans to begin discussionsawith Springfield-based United Financial, which countered with a higher bid in an unsolicited acquisition offer. CNB shares tradede Friday at $9.40 a share. The stock is up 138 perceny this year.
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