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Treasury to Sell Boston Private Financial Warrants Tomorrow

The U.S. Treasury Department today announced plans to sell 2.89 million warrants to buy the common stock of Boston Private Financial Holdings Inc. as part of the company’s exit from the Troubled Asset Relief Program.

The warrants will be sold at an auction tomorrow, beginning at 8 a.m. and closing at 6:30 p.m. Eastern time. Deutsche Bank Securities Inc. is the auction agent, and the minimum bid price is $1.40 per warrant, the Treasury said in an e-mailed statement.

To contact the reporter on this story: Rebecca Christie in Washington at rchristie4@bloomberg.net;

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net

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