People’s United Financial, Inc.
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PEOPLE’S UNITED MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF PEOPLE’S UNITED FINANCIAL, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – PBCT
February 22, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of People’s United Financial, Inc. (NASDAQ: PBCT) to M&T Bank Corporation is fair to People’s United shareholders. Under the merger agreement, People’s United shareholders will receive 0.118 of a share of M&T common stock for each People’s United share they own.
The investigation concerns whether People’s United 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 People’s United shareholders; (2) determine whether M&T Bank is underpaying for People’s United; and (3) disclose all material information necessary for People’s United shareholders to adequately assess and value the merger consideration.
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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