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FIRST BANCORP MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF FIRST BANCORP. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – FBNC
June 2, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of First Bancorp (NASDAQ: FBNC) and Select Bancorp, Inc. is fair to First Bancorp shareholders. Select Bancorp shareholders are expected to receive First Bancorp common stock in connection with the merger.
The investigation concerns whether First Bancorp and its board 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 First Bancorp shareholders; and (2) disclose all material information necessary for First Bancorp shareholders to adequately assess and value the merger consideration. On behalf of First Bancorp shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP 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.
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