The deadline for shareholders of Bancorp Rhode Island Inc. to elect the form of consideration they wish to receive in Brookline Bancorp’s pending merger with the company has been extended – again – this time to Nov. 18 at 5 p.m.
"As with the prior extensions of the election deadline, this extension is intended to reduce the potential time between the election deadline and the effective date of the merger," Brookline said in a statement.
The merger is expected to be completed in the fourth quarter of 2011, subject to receipt of the remaining regulatory approvals required to complete the transaction and the satisfaction of other customary closing conditions, the companies said.
