Citadel said bylaw changes may derail its merger.
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The Glendale-based savings and loan holding company said corporate bylaw changes sought by a group of dissident shareholders could derail the planned merger of the firm with Great Western Financial. Citadel, parent of Fidelity Federal Savings & Loan, urged shareholders to reject proposals put forth in a proxy solicitation from a group led by Los Angeles investor Alfred Roven. In May, Great Western offered to acquire Citadel in a deal valued at $109 million.
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