Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Eastern Bankshares, Inc. (NASDAQ: EBC) and Cambridge Bancorp is fair to Eastern shareholders. Under the terms of the proposed transaction, each share of Cambridge common stock will be exchanged for 4.956 shares of Eastern common stock.
The investigation concerns whether Eastern 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 Eastern shareholders; and (2) disclose all material information necessary for Eastern shareholders to adequately assess and value the merger consideration. On behalf of Eastern 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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