BENEFICIAL BANCORP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Merger
WILMINGTON, Del.--(BUSINESS WIRE)--Aug 8, 2018--Rigrodsky & Long, P.A.:Do you own shares of Beneficial Bancorp, Inc. (NASDAQ GS: )? Did you purchase any of your shares prior to August 8, 2018? Do you think the proposed merger is fair? Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Beneficial Bancorp, Inc. (“Beneficial Bancorp” or the “Company”) (NASDAQ GS: BNCL ) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with WSFS Financial Corporation (“WSFS Financial”) (NASDAQ GS: WSFS ) in a transaction valued at approximately $1.5 billion. Under the terms of the agreement, shareholders of Beneficial Bancorp will receive 0.3013 shares of WSFS Financial common stock and $2.93 in cash for each share of Beneficial Bancorp common stock.
If you own common stock of Beneficial Bancorp and purchased any shares before August 8, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at email@example.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San Francisco, California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20180808005857/en/
CONTACT: Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
KEYWORD: UNITED STATES NORTH AMERICA DELAWARE NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Rigrodsky & Long, P.A.
Copyright Business Wire 2018.
PUB: 08/08/2018 06:48 PM/DISC: 08/08/2018 06:48 PM