SHAREHOLDER ALERT: WeissLaw LLP Investigates Partners Bancorp

Ein Verkaufsgespräch (Symbolbild). pixabay.com

PR Newswire

NEW YORK, Nov. 4, 2021

NEW YORK, Nov. 4, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Partners Bancorp ("Partners" or the "Company") (NASDAQ: PTRS) in connection with the proposed merger of the Company with OceanFirst Financial Corp. ("OceanFirst") (NASDAQ: OCFC). Under the terms of the merger agreement, the Company's shareholders may elect to receive $10.00 in cash or 0.4512 shares of OceanFirst common stock for each share of Partners common stock that they hold, representing implied consideration of $10.47 based upon OceanFirst's November 3, 2021 closing price of $23.21.

If you own Partners shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslaw.co/news-and-cases/ptrs
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
305 Broadway, 7^th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com

WeissLaw LLP is investigating whether: (i) Partners' board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Partners' shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-investigates-partners-bancorp-301417254.html

ARIVA.DE Börsen-Geflüster

Kurse

Oceanfirst Financial

14,99 $

-2,47%

VIRGINIA PRTNRS BK

0,00%

SOURCE WeissLaw LLP

Mehr Nachrichten zur Oceanfirst Financial Aktie kostenlos abonnieren

E-Mail-Adresse

Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.