12:07 PM EST - C.A. Bancorp Inc. : said that its board urged shareholders to reject the hostile takeover bid by Maxam Acquisition Corporation and not tender their shares to the Maxam offer that was announced on December 3, 2009. The C.A. Bancorp Board believed that Maxam's $1.22-per-share offer fails to provide full value for C.A. Bancorp's assets and shares and is an attempt by Maxam to acquire C.A. Bancorp without offering adequate consideration to C.A. Bancorp shareholders. Maxam's offer is at a discount to recent trading prices. C.A. Bancorp Inc.
shares T.BKP are trading even at $1.36.
