NEW YORK, Jan. 22, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of ConnectOne Bancorp, Inc. ("ConnectOne" or the "Company") (NasdaqGS: CNOB) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Center Bancorp, Inc. in a stock deal valued at approximately $243 million. Under the terms of the proposed transaction, ConnectOne's stockholders will receive 2.6 shares of Center Bancorp, Inc. common stock for each share of ConnectOne common stock they own.
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The investigation focuses on whether ConnectOne's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of ConnectOne's shareholders.
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If you own common stock in ConnectOne and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/CNOB or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
Contact: Faruqi & Faruqi, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Juan E. Monteverde, Esq. firstname.lastname@example.org Toll Free: (877) 247-4292 Phone: (212) 983-9330
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