Cases
Pilgrim Bancshares, Inc. (PLRM)
Merger
Overview
Overview
- Date:
- 10/12/2018
- Company Name:
- Pilgrim Bancshares, Inc.
- Stock Symbol:
- PLRM
- Status:
- Closed/Complete
- Merger Announcement Date:
- 7/25/2018
NEW YORK, October 12, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Pilgrim Bancshares, Inc. (NASDAQ: PLRM) on behalf of stockholders concerning the proposed acquisition of the company by Hometown Financial Group.
Pursuant to the proposed transaction, announced on July 25, 2018 and valued at $53.9 million, Pilgrim stockholders will receive $23.00 in cash for each share of Pilgrim common stock owned. The investigation focuses on whether Pilgrim 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 Pilgrim 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 25, 2018 and valued at $53.9 million, Pilgrim stockholders will receive $23.00 in cash for each share of Pilgrim common stock owned. The investigation focuses on whether Pilgrim 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 Pilgrim 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.