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Columbia Financial mails election materials for Northfield merger, sets July 10 deadline

PUBT·06/11/2026 21:11:42
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Columbia Financial mails election materials for Northfield merger, sets July 10 deadline
  • Columbia Financial’s planned acquisition of Northfield moved to the election phase, with consideration forms mailed to Northfield shareholders.
  • Northfield holders can elect Holding Company common stock, cash, or a mix; elections are due by 5 p.m. ET on July 10, 2026.
  • Each Northfield share converts into 1.425 Holding Company shares or USD 14.25 cash at a USD 2.291 billion appraised full conversion value midpoint.
  • Terms step up if the appraised value reaches USD 2.3 billion–USD 2.6 billion (1.45 shares or USD 14.5) or at least USD 2.6 billion (1.465 shares or USD 14.65).
  • Cash consideration is capped at 30% of Northfield shares outstanding at closing, with proration if elections exceed the limit.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Columbia Financial Inc. published the original content used to generate this news brief on June 11, 2026, and is solely responsible for the information contained therein.