NEW YORK, June 01, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally acknowledged stockholder rights legislation agency, has launched an investigation into whether or not the officers or administrators of PCSB Monetary Company ( PCSB) breached their fiduciary duties or violated the federal securities legal guidelines in reference to the corporate’s acquisition by Brookline Bancorp, Inc. ( BRKL).
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On Could 24, 2022, PCSB introduced that it had entered into an settlement to be acquired by Brookline in a deal valued at roughly $313 million. Pursuant to the merger settlement, PCSB stockholders may have the choice to obtain both $22 in money or 1.3284 shares of Brookline frequent inventory for every share of PCSB frequent inventory owned. The deal is scheduled to shut within the second half of 2022.
Bragar Eagel & Squire is anxious that PCSB’s board of administrators oversaw an unfair course of and in the end agreed to an insufficient merger settlement. Accordingly, the agency is investigating all related elements of the deal and is dedicated to securing the perfect consequence attainable for PCSB’s stockholders.
Should you personal shares of PCSB and are involved in regards to the proposed merger, or you have an interest in studying extra in regards to the investigation or your authorized rights and treatments, please contact Melissa Fortunato by electronic mail at [email protected] or phone at (646) 860-9157, or by filling out this contact type. There isn’t any value or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally acknowledged legislation agency with places of work in New York, California, and South Carolina. The agency represents particular person and institutional traders in business, securities, spinoff, and different complicated litigation in state and federal courts throughout the nation. For extra details about the agency, please go to www.bespc.com. Legal professional promoting. Prior outcomes don’t assure related outcomes.
Contact Data:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
[email protected]
www.bespc.com
