Benzinga | Mar 30, 2021 09:04AM EDT

Boston Private Financial Investor, HoldCo Asset Mgmt., Highlights Presentation On Co.'s Proposed Merger With SVB, Urges Shareholders To Vote Against Merger

HoldCo Asset Management, LP and its managed funds (collectively, "HoldCo"), which own 4,049,816 shares of common stock of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) ("Boston Private," "BPFH," or the "Company"), representing approximately 4.9% of the Company's outstanding shares, today issued an investor presentation detailing its strong opposition to BPFH's planned merger (the "Merger") with SVB Financial Group ("SVB") and urging all shareholders to vote NO.

The presentation describes, among other things, the non-existent sales process and conflict-riddled negotiations that resulted in what HoldCo believes is a grossly inadequate valuation for BPFH. The presentation also outlines how voting against the Merger today will pave the way for a competitive and comprehensive sales process supervised by a stronger, independent Board -- with the addition of the three highly-qualified candidates HoldCo has nominated for election as directors.

The presentation and additional materials are available here: www.BPValue.com.

HoldCo urges all BPFH shareholders to vote NO on the proposed Merger.