Provident Financial Services, Inc.
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PFS STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE MERGER OF PROVIDENT FINANCIAL SERVICES, INC. IS FAIR TO SHAREHOLDERS
September 27, 2022.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Provident Financial Services, Inc. (NYSE: PFS) with Lakeland Bancorp, Inc. is fair to Provident shareholders. Under the terms of the merger, Lakeland shareholders will receive 0.8319 shares of Provident common stock for each share of Lakeland common stock they own. Upon closing, Provident shareholders are expected to own 58% of the combined company.
The investigation concerns whether Provident 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 Provident shareholders; and (2) disclose all material information necessary for Provident shareholders to adequately assess and value the merger consideration. On behalf of Provident 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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