m_and_a
confidence high
sentiment positive
materiality 0.80
Brookline Bancorp shareholders approve merger with Berkshire Hills Bancorp; advisory compensation vote fails
BROOKLINE BANCORP INC
- Merger proposal approved with 64,082,857 votes for, 820,402 against, and 411,338 abstentions.
- Non-binding advisory compensation proposal failed: 25,069,153 for, 40,131,555 against, 113,889 abstentions.
- Adjournment proposal not considered due to sufficient votes for merger approval.
- Merger remains subject to regulatory approvals and other customary closing conditions.
item 5.07