{"id":479010,"date":"2021-04-20T09:43:05","date_gmt":"2021-04-20T13:43:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/"},"modified":"2021-04-20T09:43:05","modified_gmt":"2021-04-20T13:43:05","slug":"rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/","title":{"rendered":"Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwmarginl1 { margin-left: 30px }\n.bwmarginl2 { margin-left: 60px }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share<\/b><\/p>\n<p class=\"bwalignc\"><i>Fully Financed Proposal to Acquire Company Represents 50% Premium Over Unaffected Stock Price and 19% Premium Over DLP Bancshares March 2021 Offer of $15.55<\/i><\/p>\n<p class=\"bwalignc\"><i>Proposal Follows Multiple Previous Expressions of Interest to Acquire Company Over Past 12 Months, Which Were Rejected by Board Without Explanation<\/i><\/p>\n<p class=\"bwalignc\"><i>Rhodium Prepared to Take Offer Directly to Shareholders<\/i><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nRhodium BA Holdings LLC (\u201cRhodium\u201d), a New York-based investor, which through its special purpose subsidiary OppCapital Associates LLC beneficially owns approximately 9.82% of the outstanding common shares of Sunnyside Bancorp, Inc. (OTCBB: SNNY) (\u201cSunnyside\u201d or the \u201cCompany\u201d), today sent a letter to the Company\u2019s Board of Directors presenting a fully financed proposal to acquire Sunnyside for $18.50 per share in cash.\n<\/p>\n<p>\nOver the past twelve months, Rhodium has privately approached the Company with multiple expressions of interest to acquire the Company on attractive terms, which were rejected without explanation by Sunnyside\u2019s Board of Directors. Rhodium\u2019s current offer represents a 23% premium to Sunnyside\u2019s closing price on April 19, 2021, a 19% premium to the price offered by DLP Bancshares Inc. and a 50% premium to the Company\u2019s unaffected share price on March 16, 2021 prior to the announcement of the DLP Bancshares Inc. offer.\n<\/p>\n<p>\nThe full text of the letter follows:\n<\/p>\n<p class=\"bwalignr\">\nApril 20, 2021\n<\/p>\n<p>\nBoard of Directors<br \/>\n<br \/>Sunnyside Bancorp, Inc.<br \/>\n<br \/>56 Main Street<br \/>\n<br \/>Irvington, New York 10533<br \/>\n<br \/>Attention: Timothy D. Sullivan, Chairman\n<\/p>\n<p>\nDear Members of the Board:\n<\/p>\n<p>\nI write on behalf of Rhodium BA Holdings LLC (\u201cRhodium\u201d), which through its special purpose subsidiary OppCapital Associates LLC beneficially owns approximately 9.82% of the outstanding common stock of Sunnyside Bancorp, Inc. (\u201cSunnyside\u201d). As you know, Rhodium has expressed its interest in purchasing up to 100% of Sunnyside\u2019s stock on multiple occasions throughout the past twelve months. Rhodium initially expressed this interest to you in July 2020 and the offer\u2014though it would have been potentially quite attractive to shareholders\u2014was rejected without explanation. Rhodium again contacted you by letter on November 10, 2020, offering to purchase up to 100% of Sunnyside at a 15% premium to its tangible equity. This offer was likewise declined without explanation.\n<\/p>\n<p>\nWe were thus surprised by your announcement that you signed a definitive merger agreement with DLP Bancshares Inc. on March 16, 2021, without communicating with Rhodium with respect to its documented and sincere interest in a like transaction, especially considering that the agreed-upon merger price offered very little premium to Sunnyside\u2019s trading price and was well beneath Rhodium\u2019s then-most recent offer. Accordingly, we once again sent a letter to you on March 25, 2021 offering to purchase up to 100% of Sunnyside at a per share price in excess of the merger price, even when considering any break fees payable, and, once again, you summarily rejected our offer without explanation.\n<\/p>\n<p>\nThis Board\u2019s continued refusal to engage in any discussion whatsoever with Rhodium comes at the clear expense of Sunnyside\u2019s shareholders and their ability to receive a substantial and certain all-cash premium for their shares. We struggle to understand how your failure to engage with an interested, good-faith buyer, one that had offered a higher per share price before the merger was announced, can possibly be reconciled with the fiduciary duties of the Board to its shareholders. Moreover, upon review of the merger agreement, you have further stifled your fiduciary obligations by agreeing to restrictive covenants and lock-up provisions that all but ensure that the Board will perform no market check, discourage competing bids, and otherwise dispose of its duties to seek the best possible value for Sunnyside\u2019s shareholders.\n<\/p>\n<p>\nBecause we remain committed to a transaction and our interest in Sunnyside remains high, Rhodium is prepared to proceed immediately with a fully financed, cash offer for 100% of the outstanding shares of Sunnyside at $18.50 per share. This represents a 23% premium to Sunnyside\u2019s closing price as of Monday, April 19, 2021 of $15.00, a 19% premium to the merger price and a 50% premium to Sunnyside\u2019s unaffected share price on March 16, 2021. Unlike our previous attempts to engage this Board privately, we have decided to make this offer public so that Sunnyside shareholders will be able to independently evaluate our offer.\n<\/p>\n<p>\nRhodium is determined to pursue our proposed acquisition expediently and without delay. We have also thoroughly considered the regulatory issues related to this acquisition and there are no significant financial or regulatory impediments to your shareholders\u2019 timely realization of this substantial cash premium. In sum, we are making a cash offer which is far more favorable to shareholders than what has been agreed upon currently by the Board, with a high degree of certainty of closure.\n<\/p>\n<p>\nWe have already committed significant time and resources to this proposed acquisition. We have engaged Venable LLP and Thompson LLP, as legal counsel, Gagnier Communications, as public relations advisor, and MacKenzie Partners, as advisor and information agent.\n<\/p>\n<p>\nWe possess a highly sophisticated, local team who will leverage their extensive experience in this industry to strengthen Sunnyside\u2019s customer, financial, and employee relationships. We believe there will be substantial shareholder support for this proposal and that it represents a terrific outcome for Sunnyside\u2019s shareholders. Accordingly, if we have not received your response by 5:00 p.m. EDT on Wednesday, April 28, 2021 indicating that Sunnyside will enter into a confidentiality agreement and proceed with constructive discussion and meaningful evaluation of our offer, we will take our compelling offer directly to your shareholders.\n<\/p>\n<p class=\"bwmarginl1\">\nWe look forward to your timely response.\n<\/p>\n<p class=\"bwmarginl2\">\nSincerely,\n<\/p>\n<p class=\"bwmarginl2\">\n\/s\/ Mark M. Silber\n<\/p>\n<p class=\"bwmarginl2\">\nMark M. Silber<br \/>\n<br \/>Managing Member<br \/>\n<br \/>Rhodium BA Holdings LLC\n<\/p>\n<p><b>About Rhodium BA Holdings LLC<\/b><\/p>\n<p>\nRhodium BA Holdings LLC was formed by Mark M. Silber for purposes of conducting the purchase of Sunnyside Bancorp, Inc. Mark M. Silber is a Managing Partner of Rhodium Capital Advisors, a New York-based fully integrated real estate investment firm with a primary focus on the preservation, acquisition, and management of affordable housing across the United States. Rhodium Capital Advisors is not participating in the purchase of Sunnyside Bancorp, Inc.\n<\/p>\n<p><b>Additional Information<\/b><\/p>\n<p>\nThis communication relates to a proposal that Rhodium has made to the Board of Directors of Sunnyside and does not constitute an offer to buy or solicitation of an offer to sell any securities or the solicitation of any proxy, vote or approval. Subject to future developments, Rhodium may file one or more documents with the Securities and Exchange Commission (the \u201cSEC\u201d). Investors and security holders of Sunnyside are urged to read such documents filed with the SEC carefully in their entirety if and when they become available.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210420005808r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210420005808\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210420005808\/en\/<\/a><\/span><\/p>\n<p><b>Investors<br \/>\n<\/b><br \/>MacKenzie Partners, Inc.<br \/>\n<br \/>Bob Marese<br \/>\n<br \/>(212) 929-5405<\/p>\n<p><b>Media<br \/>\n<\/b><br \/>Gagnier Communications<br \/>\n<br \/>Jeffrey Mathews \/ Dan Gagnier<br \/>\n<br \/>(646) 569-5711<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Rhodium@gagnierfc.com\">Rhodium@gagnierfc.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share Fully Financed Proposal to Acquire Company Represents 50% Premium Over Unaffected Stock Price and 19% Premium Over DLP Bancshares March 2021 Offer of $15.55 Proposal Follows Multiple Previous Expressions of Interest to Acquire Company Over Past 12 Months, Which Were Rejected by Board Without Explanation Rhodium Prepared to Take Offer Directly to Shareholders NEW YORK&#8211;(BUSINESS WIRE)&#8211; Rhodium BA Holdings LLC (\u201cRhodium\u201d), a New York-based investor, which through its special purpose subsidiary OppCapital Associates LLC beneficially owns approximately 9.82% of the outstanding common shares of Sunnyside Bancorp, Inc. (OTCBB: SNNY) (\u201cSunnyside\u201d or the \u201cCompany\u201d), today sent a letter to the Company\u2019s Board of Directors presenting a fully financed &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-479010","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share Fully Financed Proposal to Acquire Company Represents 50% Premium Over Unaffected Stock Price and 19% Premium Over DLP Bancshares March 2021 Offer of $15.55 Proposal Follows Multiple Previous Expressions of Interest to Acquire Company Over Past 12 Months, Which Were Rejected by Board Without Explanation Rhodium Prepared to Take Offer Directly to Shareholders NEW YORK&#8211;(BUSINESS WIRE)&#8211; Rhodium BA Holdings LLC (\u201cRhodium\u201d), a New York-based investor, which through its special purpose subsidiary OppCapital Associates LLC beneficially owns approximately 9.82% of the outstanding common shares of Sunnyside Bancorp, Inc. (OTCBB: SNNY) (\u201cSunnyside\u201d or the \u201cCompany\u201d), today sent a letter to the Company\u2019s Board of Directors presenting a fully financed &hellip; Continue reading &quot;Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-20T13:43:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210420005808r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share\",\"datePublished\":\"2021-04-20T13:43:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\\\/\"},\"wordCount\":1127,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210420005808r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\\\/\",\"name\":\"Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210420005808r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"datePublished\":\"2021-04-20T13:43:05+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210420005808r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210420005808r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/","og_locale":"en_US","og_type":"article","og_title":"Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share - Market Newsdesk","og_description":"Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share Fully Financed Proposal to Acquire Company Represents 50% Premium Over Unaffected Stock Price and 19% Premium Over DLP Bancshares March 2021 Offer of $15.55 Proposal Follows Multiple Previous Expressions of Interest to Acquire Company Over Past 12 Months, Which Were Rejected by Board Without Explanation Rhodium Prepared to Take Offer Directly to Shareholders NEW YORK&#8211;(BUSINESS WIRE)&#8211; Rhodium BA Holdings LLC (\u201cRhodium\u201d), a New York-based investor, which through its special purpose subsidiary OppCapital Associates LLC beneficially owns approximately 9.82% of the outstanding common shares of Sunnyside Bancorp, Inc. (OTCBB: SNNY) (\u201cSunnyside\u201d or the \u201cCompany\u201d), today sent a letter to the Company\u2019s Board of Directors presenting a fully financed &hellip; Continue reading \"Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-20T13:43:05+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210420005808r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share","datePublished":"2021-04-20T13:43:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/"},"wordCount":1127,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210420005808r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/","name":"Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210420005808r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","datePublished":"2021-04-20T13:43:05+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210420005808r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210420005808r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rhodium-ba-holdings-submits-proposal-to-acquire-sunnyside-bancorp-for-18-50-per-share\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Rhodium BA Holdings Submits Proposal to Acquire Sunnyside Bancorp for $18.50 per Share"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/479010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=479010"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/479010\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=479010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=479010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=479010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}