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Bancorp of New Jersey, Inc. (NYSE: BKJ)

Merger

  • Date:
  • 8/20/2019
  • Company Name:
  • Bancorp of New Jersey, Inc.
  • Stock Symbol:
  • BKJ
  • Company Name - Buyer:
  • ConnectOne Bancorp, Inc.
  • Status:
  • Investigating
  • Merger Announcement Date:
  • 8/16/2019

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NEW YORK, August 20, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Bancorp of New Jersey, Inc. (NYSE: BKJ) on behalf of Bancorp of New Jersey shareholders concerning the proposed merger with ConnectOne Bancorp, Inc.

Pursuant to the proposed transaction, announced on August 16, 2019 and valued at $113 million, Bancorp of New Jersey shareholders will have the choice to receive either $16.25 in cash, 0.78 shares of ConnectOne common stock, or a combination of cash and stock subject to customary pro-ration procedures for each share of Bancorp of New Jersey common stock owned.  The investigation focuses on whether Bancorp of New Jersey 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 Bancorp of New Jersey 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.
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in Bancorp of New Jersey. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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