NEW YORK, Oct. 20, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of NewBridge Bancorp ("NewBridge" or the "Company") (NasdaqGS:NBBC) for potential breaches of fiduciary duties in connection with the sale of the Company to Yadkin Financial Corporation for approximately $456 million.
The Company's stockholders will only receive 0.50 shares of Yadkin common stock for each share of Company common stock they own, or approximately $11.40 per share. However, at least one analyst has set a price target for NewBridge stock at $12.50.
Click here for more information: www.faruqilaw.com/NBBC. There is no cost or obligation to you.
The investigation focuses on whether NewBridge's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of NewBridge's shareholders.
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If you own common stock in NewBridge and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/NBBC or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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