Meridian Bancorp, Inc.
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MERIDIAN BANCORP MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF MERIDIAN BANCORP, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – EBSB
April 22, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Meridian Bancorp, Inc. (NASDAQ: EBSB) to Independent Bank Corp. is fair to Meridian Bancorp shareholders. Under the terms of the agreement, each Meridian Bancorp stockholder will receive 0.2750 of a share of Independent Bank common stock for each share of Meridian Bancorp common stock.
The investigation concerns whether Meridian Bancorp 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 Meridian Bancorp shareholders; (2) determine whether Independent Bank is underpaying for Meridian Bancorp; and (3) disclose all material information necessary for Meridian Bancorp shareholders to adequately assess and value the merger consideration. On behalf of Meridian 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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