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23.01.2014 01:35
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CONNECTONE SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of ConnectOne Bancorp, Inc. (CNOB) Over the Merger of the Company with Center Bancorp, Inc. (CNBC)
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PR Newswire
NEW YORK, Jan. 22, 2014
NEW YORK, Jan. 22, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of ConnectOne Bancorp, Inc. ("ConnectOne" or the "Company") (NasdaqGS: CNOB) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Center Bancorp, Inc. in a stock deal valued at approximately $243 million. Under the terms of the proposed transaction, ConnectOne's stockholders will receive 2.6 shares of Center Bancorp, Inc. common stock for each share of ConnectOne common stock they own.
Request more information now by clicking here: www.faruqilaw.com/CNOB. There is no cost or obligation to you.
The investigation focuses on whether ConnectOne's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of ConnectOne's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in ConnectOne and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/CNOB or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
SOURCE Faruqi & Faruqi, LLP
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