Shore Bancshares, Inc.
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SHBI STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE MERGER OF SHORE BANCSHARES, INC. IS FAIR TO SHAREHOLDERS
December 15, 2022.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Shore Bancshares, Inc. (NASDAQ: SHBI) and The Community Financial Corporation is fair to Shore shareholders. Under the terms of the merger, holders of Community Financial common stock will have the right to receive 2.3287 shares of Shore common stock. Existing Shore shareholders will own approximately 60% of the outstanding shares of the combined company.
The investigation concerns whether Shore 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 Shore shareholders; and (2) disclose all material information necessary for Shore shareholders to adequately assess and value the merger consideration. On behalf of Shore 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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