BALA CYNWYD, PA / ACCESSWIRE / July 28, 2021 / Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors ofInvestors Bancorp, Inc. ("Investors Bancorp" or the "Company") (Nasdaq:ISBC) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by Citizens Financial Group, Inc. ("Citizens") (NYSE - CFG). Under the terms of the agreement and plan of merger, Investors Bancorp shareholders will receive 0.297 of a share of Citizens' common stock and $1.46 in cash for each share of Investors Bancorp they own. Following completion of the transaction, former Investors Bancorp shareholders will collectively own approximately 14% of the combined company.
The investigation concerns whether the Investors Bancorp Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Citizens is paying too little for the Company.
If you own shares of Investors Bancorp stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/investors-bancorp-inc-nasdaq-isbc/, or call toll free 855-576-4847.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC