INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of CONNECTONE BANCORP, INC. Buyout Proposal
SMITHTOWN, NY, Jan. 27, 2014:
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of ConnectOne Bancorp, Inc. (“ConnectOne”) (NASDAQ GS: CNOB) for possible breaches of fiduciary duties and other violations of law in connection with ConnectOne’s agreement to be acquired by Center Bancorp, Inc. (“Center”).
Under the terms of the proposal, public stockholders of ConnectOne would receive 2.6 shares of Center for each share of ConnectOne they own in a transaction valued at approximately $243 million.
The investigation concerns whether ConnectOne’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to ConectONe’s stockholders would be fair and adequate, and whether ConnectOne is acting in its stockholders’ best interests.
If you own ConnectOne common stock, purchased your shares prior to January 21, 2014, and wish to obtain additional information, please contact Joseph R. Beige, Esquire either via email at or by telephone at (631) 231-7725.
Joseph R. Beige, Esquire has been an attorney for over 17 years and prosecutes securities class actions, derivative actions, shareholder rights actions, and corporate governance actions on behalf of stockholders.