ASTORIA FINANCIAL CORPORATION (NASDAQ:AF) Files An 8-K Termination of a Material Definitive Agreement
Item 1.02. Termination of a Material Definitive Agreement.
As previously disclosed, on October 28, 2015, Astoria Financial
Corporation (Astoria) and New York Community Bancorp, Inc. (NYCB)
entered into an Agreement and Plan of Merger (the Merger
Agreement), to which, subject to the satisfaction or waiver of
certain conditions, Astoria would merge with and into NYCB, with
NYCB surviving the merger. On December 20, 2016, Astoria issued a
joint press release announcing that Astoria and NYCB mutually
agreed not to extend the Merger Agreement and to terminate the
Merger Agreement as of January 1, 2017. A copy of the press
release is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
Upon its termination, the Merger Agreement will become void and
have no effect, and none of Astoria, NYCB, any of their
respective subsidiaries or any of the officers or directors of
any of them will have any liability under the Merger Agreement,
subject to limited exceptions specified in the Merger Agreement.
The foregoing description of the termination provisions of the
Merger Agreement does not purport to be complete and is qualified
in its entirety by reference to the full text of the Merger
Agreement, which was filed as an exhibit to Astorias Current
Report on Form 8-K filed on October 29, 2015 and is incorporated
herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
|
Exhibit Number |
Description | |
| 99.1 |
Press Release dated December 20, 2016 |
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