Mid Penn Bancorp, Inc.
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MPB STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE MERGER OF MID PENN BANCORP, INC. IS FAIR TO SHAREHOLDERS
December 21, 2022.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Mid Penn Bancorp, Inc. (NASDAQ: MPB) and Brunswick Bancorp is fair to Mid Penn shareholders. Brunswick shareholders will have the option to elect to receive either 0.598 shares of Mid Penn common stock or $18.00 in cash for each common share of Brunswick they own, subject to proration to ensure that, in the aggregate, 50% of the transaction consideration will be paid in the form of Mid Penn common stock.
The investigation concerns whether Mid Penn 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 Mid Penn shareholders; and (2) disclose all material information necessary for Mid Penn shareholders to adequately assess and value the merger consideration. On behalf of Mid Penn 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.
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