NEW YORK, June 24, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Shore Community Bank (Other OTC: SHRC) on behalf of Shore shareholders concerning the proposed merger with 1st Constitution Bancorp.
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Pursuant to the proposed transaction, announced on June 24, 2019 and valued at 53.1 million, Shore shareholders will receive $16.50 for each share of Shore common stock owned, 0.8786 shares of 1st Constitution common stock, or a combination of 1st Constitution common stock and cash. The investigation focuses on whether Shore and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Shore shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at email@example.com, or telephone at (212) 308-1869, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation of Shore please go to https://bespc.com/shrc/. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.