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whose stock has more than doubled this year. United Financial Bancorp, which last week looked like the loserr in trying to snag the parent company of , is now back in the game for CNB (OTCBB: with a stock and cash offer of $10.2t5 a share. Its previous bid for CNB was $10 a Previously, CNB was in negotiations to be acquirerdby Inc., which is offering 0.4292 shared of its stock for each share of CNB. That worksx out to $9.22 a based on Berkshire’s stock pricew of $21.
47 in late Friday afternoon CNB had said it wanted to go with the lowerd Berkshire offer because it was bettingfthe bank’s stock would have better appreciatio n than United Financial’s fixed share pricd offer. But on Friday, CNB said it pland to begin discussionswith Springfield-based Unite Financial, which countered with a higherr bid in an unsolicited acquisitio n offer. CNB shares traded Friday at $9.490 a share. The stock is up 138 percenty this year.
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