Central Pacific Financial Corp. Announces Preliminary Results of Its Modified "Dutch Auction" Tender Offer (Central Pacific Financial Corporation)

(Source: Central Pacific Financial Corporation) HONOLULU, March 24, 2014 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, today announced the preliminary results of its modified "Dutch Auction" tender offer, which expired at 5:00 P.M., New York City time, on March 21, 2014. Based on the preliminary count by Wells Fargo Shareowner Services, the depositary for the tender offer, 3,369,850 shares of Central Pacific's common stock (the "Shares") were properly tendered and not withdrawn at or below the purchase price of $20.20. In addition, 167,572 Shares were tendered through notice of guaranteed delivery at or below the...