Cases
BSB Bancorp, Inc. (BLMT)
Merger
Overview
Overview
- Date:
- 11/28/2018
- Company Name:
- BSB Bancorp, Inc.
- Stock Symbol:
- BSB
- Company Name - Buyer:
- People's United Financial, Inc.
- Stock Symbol - Buyer:
- PBCT
- Status:
- Closed/Complete
- Merger Announcement Date:
- 11/27/2018
NEW YORK, November 28, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of BSB Bancorp, Inc. (NASDAQ: BLMT) on behalf of stockholders concerning the proposed acquisition of the company by People’s United Financial, Inc. (NASDAQ: PBCT).
Pursuant to the proposed transaction, announced on November 27, 2018 and valued at $327 million, BSB Bancorp stockholders will receive 2.00 shares of People’s United for each share of BSB Bancorp common stock owned. The investigation focuses on whether BSB Bancorp and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own BSB Bancorp 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 Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on November 27, 2018 and valued at $327 million, BSB Bancorp stockholders will receive 2.00 shares of People’s United for each share of BSB Bancorp common stock owned. The investigation focuses on whether BSB Bancorp and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own BSB Bancorp 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 Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.