TMCnet News
TBNK Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Territorial Bancorp Inc. Is Fair to ShareholdersHalper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Territorial Bancorp Inc. (NASDAQ: TBNK) to Hope Bancorp, Inc. for 0.8048 shares of Hope common stock in exchange for each share of Territorial common stock is fair to Territorial shareholders. Upon completion of the proposed transaction, Territorial shareholders will own approximately 5.6% of the combined company. Halper Sadeh encourages Territorial shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or a rel="nofollow" rel="nofollow" href="mailto:[email protected]" shape="rect">[email protected] or [email protected]. The investigation concerns whether Territorial 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 Territorial shareholders; (2) determine whether Hope is underpaying for Territorial; and (3) disclose all material information necessary for Territorial shareholders to adequately assess and value the merger consideration. On behalf of Territorial shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. 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. Attorney Advertising. Prior results do not guarantee a similar outcome.
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