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Republic Financial Holdings to make cash offer for remaining shares in Grenada unit

Republic FinancialHoldings Ltd. said it is making an offer to other shareholders of to acquiretheir ordinary shares in the bank in exchange for an undisclosed cash consideration.

The document for the offer, which was approved by Republic Financial'sboard in January, will be mailed to all shareholders on May 9 and the offer periodwill begin May 11.

Republic Financial currently holds a 51% stake in Republic Bank(Grenada).