Citadel Holding said it has an option...
- Share via
Citadel Holding said it has an option to acquire another 7%--or 383,000 shares--of Valley Federal Savings & Loan for as much as $20.50 a share. The addition brings to 39% the options and commitments that Citadel has on Valley Federal’s common stock. Citadel, parent firm for Fidelity Federal Savings & Loan in Glendale, is seeking permission from federal regulators to acquire Valley Federal and form a financial institution that would have nearly $7 billion in assets and be concentrated in the San Fernando Valley and Orange County.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
