NEW YORK, Nov. 19, 2021 (GLOBE NEWSWIRE) – Bragar Eagel & Squire, PC, a nationally recognized law firm, reminds investors of its investigation into whether officers or directors of Partners Bancorp (NASDAQ: PTRS) breached their fiduciary duties or violated federal securities laws in connection with the company’s merger with OceanFirst Financial Corp (NASDAQ: OCFC).
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On November 4, 2021, Partners announced that it had entered into a merger agreement with OceanFirst in a deal worth approximately $ 186 million. Pursuant to the merger agreement, shareholders of Partners will have the option of receiving $ 10 in cash or 0.4512 common shares of OceanFirst for each common share of Partners held. The agreement is expected to be finalized in the first half of 2022.
Bragar Eagel & Squire is concerned the Partners board oversaw an unfair process and ultimately agreed to an inadequate merger deal. As a result, the company investigates all relevant aspects of the transaction and is committed to achieving the best possible outcome for Partners shareholders.
If you own shares of Partners and are concerned about the proposed merger, or would like to know more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at [email protected] or call (646) 860-9157, or by fill out this contact form. There is no cost or obligation for you.
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York City, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. For more information about the company, please visit www.bespc.com. Lawyer advertising. Past results do not guarantee similar results.