BALA CYNWYD, Pa., Jan. 7, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Cape Bancorp, Inc. ("Cape Bancorp" or "the Company") (Nasdaq- CBNJ-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to OceanFirst Financial Corp. ("OceanFirst").
Click here to learn more about the investigation http://brodsky-smith.com/1016-cbnj-cape-bancorp-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Cape Bancorp shareholders will receive only $2.25 in cash and 0.6375 of a share on OceanFirst stock for each share of Cape Bancorp stock they own. The investigation concerns whether the Board of Cape Bancorp breached their fiduciary duties to shareholders and whether OceanFirst is underpaying for the Company. The transaction may undervalue Cape Bancorp as the acquisition of the Company will enable the expansion of OceanFirst's commercial lending in the demographically attractive Philadelphia metropolitan area. In addition, upon completion of the transaction, the President and CEO of Cape Bancorp is expected to join the OceanFirst Board.
If you own shares of Cape Bancorp stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/1016-cbnj-cape-bancorp-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC