Randolph Bancorp, Inc.
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RNDB STOCK ALERT: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF RANDOLPH BANCORP, INC. IS FAIR TO SHAREHOLDERS
March 28, 2022.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Randolph Bancorp, Inc. (NASDAQ: RNDB) to Hometown Financial Group, Inc. for $27.00 in cash per share is fair to Randolph Bancorp shareholders.
The investigation concerns whether Randolph 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 Randolph Bancorp shareholders; (2) determine whether Hometown is underpaying for Randolph Bancorp; and (3) disclose all material information necessary for Randolph Bancorp shareholders to adequately assess and value the merger consideration. On behalf of Randolph 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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