Berkshire Hills Bancorp 8-K 2012
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 26, 2012
BERKSHIRE HILLS BANCORP, INC.
(Exact Name of Registrant as Specified in its Charter)
Registrant’s telephone number, including area code: (413) 443-5601
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Item 8.01. Other Events.
On April 26, 2012, Berkshire Hills Bancorp, Inc. issued a news release announcing the cash/stock election results for its recently completed acquisition of The Connecticut Bank and Trust Company. The release reports that the stock election was oversubscribed. Based on the reported election results, the stock proration factor was approximately 0.8303, with each share elected for stock exchange being prorated to a 0.8303 share to be exchanged based on the 0.3810 exchange ratio in the merger agreement. Each remaining fractional 0.1697 share will be exchanged for cash at the $8.25 exchange rate per whole share in the merger agreement.
Item 9.01. Financial Statements and Exhibits
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.