YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
California-based PacWest Bank is considering “all strategic options” after its shares fell by half.
The stock drop came after a Bloomberg report indicated the company was exploring a sale.
“In accordance with normal practices, the company and its board of directors continuously review strategic options,” PacWest officials said in a statement. “Recently, the company has been approached by several potential partners and investors — discussions are ongoing. The company will continue to evaluate all options to maximize shareholder value.”
Read more from CNN Business.
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