NEW YORK, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors of its investigation into whether the officers or directors of Partners Bancorp (NASDAQ: PTRS) breached their fiduciary duties or violated the 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 an agreement to merge with OceanFirst in a deal worth approximately $186 million. Pursuant to the merger agreement, Partners stockholders will have the choice to receive either $10 in cash or 0.4512 shares of OceanFirst common stock for each share of Partners common stock owned. The deal is scheduled to close in the first half of 2022.
Bragar Eagel & Squire is concerned that Partners’ board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Partners’ stockholders.
If you own shares of Partners and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at investigations@bespc.com or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
investigations@bespc.com
www.bespc.com
