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BENEFICIAL BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Beneficial Bancorp, Inc. - BNCL

August 20, 2018

NEW ORLEANS--(BUSINESS WIRE)--Aug 20, 2018--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Beneficial Bancorp, Inc. (“Beneficial”) (NasdaqGM: BNCL) to WSFS Financial Corporation (“WSFS”) (NasdaqGS: WSFS). Under the terms of the proposed transaction, shareholders of Beneficial will receive only 0.3013 shares of WSFS common stock and $2.93 in cash for each share of Beneficial that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ( lewis.kahn@ksfcounsel.com ) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgm-bncl / to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180820005500/en/

CONTACT: Kahn Swick & Foti, LLC

Lewis S. Kahn, 855-768-1857

Managing Partner

lewis.kahn@ksfcounsel.com

KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE LEGAL

SOURCE: Kahn Swick & Foti, LLC

Copyright Business Wire 2018.

PUB: 08/20/2018 01:23 PM/DISC: 08/20/2018 01:23 PM

http://www.businesswire.com/news/home/20180820005500/en

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