SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Cape Bancorp, Inc.
16 Gennaio 2016 - 3:15AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Cape Bancorp, Inc. ("Cape Bancorp” or "the Company") (Nasdaq: CBNJ)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to OceanFirst
Financial Corp. (“OceanFirst”).
Click here to learn more about the investigation
http://brodsky-smith.com/1016-cbnj-cape-bancorp-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Cape Bancorp shareholders
will receive only $2.25 in cash and 0.6375 of a share on OceanFirst
stock for each share of Cape Bancorp stock they own. The
investigation concerns whether the Board of Cape Bancorp breached
their fiduciary duties to shareholders and whether OceanFirst is
underpaying for the Company. The transaction may undervalue Cape
Bancorp as the acquisition of the Company will enable the expansion
of OceanFirst’s commercial lending in the demographically
attractive Philadelphia metropolitan area. In addition, upon
completion of the transaction, the President and CEO of Cape
Bancorp is expected to join the OceanFirst Board.
If you own shares of Cape Bancorp stock and wish to discuss the
legal ramifications of the investigation, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1016-cbnj-cape-bancorp-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160115005902/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/1016-cbnj-cape-bancorp-inc.html
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