SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Beneficial Bancorp, Inc. to WSFS Financial Corporation is Fair to Shareholders
NEW YORK, Aug. 08, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Beneficial Bancorp, Inc. (“Beneficial Bancorp” or the “Company”) (NASDAQGM: BNCL) stock prior to August 8, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Beneficial Bancorp to WSFS Financial Corporation (“WSFS”) (NASDAQGS: WSFS). Under the terms of the transaction, Beneficial Bancorp shareholders will receive 0.3013 shares of WSFS common stock and $2.93 in cash for each Beneficial Bancorp share they own. Based on the closing price of WSFS stock on August 7, 2018, the transaction has an approximate value of $19.61 per share. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The Beneficial Bancorp merger investigation concerns whether the Board of Beneficial Bancorp breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether WSFS is underpaying for Beneficial Bancorp shares, thus unlawfully harming Beneficial Bancorp shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Joseph E. Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com