Greenpoint Financial Corp. is facing pressure from shareholders to sell.
The New York thrift said it would include in its proxy statement for the May shareholder meeting a shareholder proposal encouraging management to sell the company for no less than $45 a share.
Greenpoint shares rose tktk to tktk on volume of tktk.
A spokesman for Greenpoint identified the shareholder as Christine Athans. He said her resolution would be nonbinding, but management would have a fiduciary duty to consider the proposal if shareholders approve it. He added that management is in "complete agreement" with the desire of the shareholder to increase value.