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whose stock has more than doubled this UnitedFinancial Bancorp, which last week looked like the loserr in trying to snag the parent company of , is now back in the game for CNB CFNA) with a stocm and cash offer of $10.25 a Its previous bid for CNB was $10 a Previously, CNB was in negotiations to be acquiref by Inc., which is offering 0.4292 shares of its stocik for each share of CNB. That works out to $9.23 a share, based on Berkshire’s stock pricer of $21.47 in late Friday afternoon trading.
CNB had said it wantefd to go with the lowerd Berkshire offer because it was bettingthe bank’sw stock would have better appreciation than United Financial’s fixed share price offer. But on Friday, CNB said it plansd to begin discussionswith Springfield-based Unite d Financial, which countered with a higher bid in an unsolicitecd acquisition offer. CNB shares traded Friday at $9.4o a share. The stock is up 138 percenr this year.
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