Benzinga | Apr 27, 2021 01:16PM EDT

SVB Financial Group Confirms Announced Purchase Price For Boston Private Is 'Best and Final'

On April 27, 2021 Boston Private Financial Holdings, Inc. ("Boston Private") (NASDAQ:BPFH) adjourned its special meeting of shareholders until May 4, 2021 to solicit additional votes On April 27, 2021 Boston Private Financial Holdings, Inc. ("Boston Private") (NASDAQ:BPFH) adjourned its special meeting of shareholders until May 4, 2021 to solicit additional votes in support of the merger between Boston Private and SVB Financial Group ("SVB") (NASDAQ:SIVB). To provide clarity to Boston Private shareholders, SVB is confirming it will not increase the purchase price if Boston Private shareholders do not approve the transaction at the adjourned meeting.