MILWAUKEE, July 28, 2021 /PRNewswire/ — Ademi LLP is investigating Investors Bancorp, Inc. (NASDAQ: ISBC) for possible breaches of fiduciary duty and other violations of law in its transaction with CFG.
Click here to learn how to join the action: https://www.ademilaw.com/case/investors-bancorp-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Investors’ financial outlook is excellent and yet Investors shareholders will receive only 0.297 of a share of CFG common stock and $1.46 in cash for each share of Investors they own. Following completion of the transaction, former Investors shareholders will collectively own approximately 14% of the combined company. The implied total transaction value based on closing prices on July 27, 2021 is approximately $3.5 billion. The merger agreement unreasonably limits competing bids for Investors by prohibiting solicitation of further bids, and imposing a termination penalty if Investors accepts a superior bid. Investors insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Investors’ board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Investors.
If you own Investors common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/investors-bancorp-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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SOURCE Ademi LLP