Solera National Bank in Lakewood Rejects $70M Takeover Bid by Brazilian Businessman, Calling It ‘Grossly Inadequate’

Solera National Bank in Lakewood rejects $70M takeover bid by Brazilian businessman, calling it ‘grossly inadequate’

A single-branch bank in Lakewood has revealed that it received — and promptly rejected — an unexpected offer to purchase it for $70 million, modestly bumping up its stock price. “The board (of directors) received this unsolicited offer and found it to be grossly inadequate,” Solera National Bank, at 319 S. Sheridan Blvd., explained in a news release Oct. 30. The offer letter was sent by Davi Cancado A. Cunha of Eleva Rewards, a Brazilian tech fi…

Lakewood bank rejects $70M purchase offer as ‘grossly inadequate’

The only branch of Solera National Bank is at 319 S. Sheridan Blvd. in Lakewood. (BusinessDen file) A single-branch bank in Lakewood has revealed that it received — and promptly rejected — an unexpected offer to purchase it for $70 million, modestly bumping up its stock price. “The board (of directors) received this unsolicited offer and found it to be grossly inadequate,” Solera National Bank, at 319 S. Sheridan Blvd., explained in a news relea…