Camco Financial (CAFI) Changes Date of Rights Offering

July 19, 2012 4:38 PM EDT
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On July 17, 2012, Camco Financial Corporation (Nasdaq: CAFI) announced it intended to conduct a rights offering of common shares of up to $10.0 million to existing shareholders.

The Company has moved the record date for the rights offering. Under the terms of the rights offering, all record holders of the Company's common stock as of July 29, 2012 will receive, at no charge, one subscription right for each share of common stock held as of the record date.

Each subscription right will entitle the holder of the right to purchase one share of Company common stock. In addition, for every two shares purchased in the offering, investors will receive one warrant to purchase Company common stock within five years at a pre-determined price. Rights holders will have the opportunity to purchase shares in excess of their basic subscription rights, subject to availability.

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