Cambridge Bancorp

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CATC STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF CAMBRIDGE BANCORP IS FAIR TO SHAREHOLDERS

 

September 19, 2023.

 

New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Cambridge Bancorp (NASDAQ: CATC) to Eastern Bankshares, Inc. for 4.956 shares of Eastern common stock for each share of Cambridge common stock is fair to Cambridge shareholders.

 

The investigation concerns whether Cambridge and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Cambridge shareholders; (2) determine whether Eastern is underpaying for Cambridge; and (3) disclose all material information necessary for Cambridge shareholders to adequately assess and value the merger consideration. On behalf of Cambridge shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

 

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

 

Attorney Advertising. Prior results do not guarantee a similar outcome.

Certification

Signed pursuant to California Civil Code Section 1633.1, et seq., and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

Date of signing: February 27, 2024