NEW YORK--(BUSINESS WIRE)--
Kirby McInerney LLP is investigating potential claims against the Board of Directors of ConnectOne Bancorp, Inc. (“ConnectOne” or the “Company”) (CNOB) concerning the proposed acquisition of the Company by Center Bancorp, Inc. (“Center”) (CNBC). Under the terms of the definitive merger agreement, ConnectOne stockholders will receive a fixed exchange ratio of 2.6 shares of Center common stock for each share of ConnectOne owned, valuing the transaction at approximately $243 million.
The investigation concerns whether the ConnectOne Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values ConnectOne’s common stock.
If you are a ConnectOne stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.
- Investment & Company Information
- Mergers, Acquisitions & Takeovers
J. Brandon Walker, Esq., 212-699-1145