Rosen Law Firm Announces Investigation of Somerset Hills Bancorp in Connection with its Sale to Lakeland Bancorp, Inc. – SOMH
30 1월 2013 - 2:14AM
Business Wire
The Rosen Law Firm is investigating the Board of Directors of
Somerset Hills Bancorp (NASDAQ: SOMH) for possible breaches of
fiduciary duty and other violations of state law in connection with
its sale to Lakeland Bancorp, Inc. (NASDAQ: LBAI).
If you would like to join the action please email or call
Phillip Kim or Kevin Chan, toll-free, at 866-767-3653; or email at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the transaction, offered by Lakeland Bancorp,
shareholders will receive either 1.1962 shares of Lakeland Bancorp
common stock or $12.00 in cash, for each share of Somerset Hills
Bancorp stock they own. In addition, 90% of the total merger
consideration will comprise of Lakeland Bancorp common stock and
10% will be cash. The investigation relates to whether Somerset
Hills Bancorp’s Board breached its fiduciary duties by failing to
adequately shop the Company before entering into this transaction
and whether Lakeland Bancorp is underpaying for Somerset Hills
Bancorp’s shares; consequently unlawfully harming Somerset Hills
Bancorp shareholders.
If you own Somerset Hills Bancorp common stock and wish to
obtain additional information, you may contact Phillip Kim or Kevin
Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail
at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
Somerset Hills Bancorp (NASDAQ:SOMH)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Somerset Hills Bancorp (NASDAQ:SOMH)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
Somerset Hills Bancorp (MM) (나스닥)의 실시간 뉴스: 최근 기사 0
More The Rosen Law Firm News Articles