Cases
Gold Coast Bancorp, Inc (Other OTC: GLDT)
Merger
Overview
Overview
- Date:
- 7/29/2019
- Company Name:
- Gold Coast Bancorp, Inc.
- Stock Symbol:
- GLDT
- Company Name - Buyer:
- Investors Bancorp, Inc.
- Status:
- Closed/Complete
- Merger Announcement Date:
- 7/26/2019
NEW YORK, July 29, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Gold Coast Bancorp, Inc. (NASDAQ: GLDT) on behalf of Gold Coast shareholders concerning the proposed merger with Investors Bancorp, Inc.
Pursuant to the proposed transaction, announced on July 26, 2019 and valued at $63.6 million, Gold Coast shareholders have the choice to receive either $15.75 in cash or 1.422 shares of Investors common stock for every share of Gold Coast common stock owned. The investigation focuses on whether Gold Coast 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 Gold Coast 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 July 26, 2019 and valued at $63.6 million, Gold Coast shareholders have the choice to receive either $15.75 in cash or 1.422 shares of Investors common stock for every share of Gold Coast common stock owned. The investigation focuses on whether Gold Coast 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 Gold Coast 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.