NEW YORK, July 7, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Dime Community Bancshares, Inc. ("DCOM" or the "Company") (NASDAQ: DCOM) in connection with the proposed stock-for-stock merger of the Company with Bridge Bancorp, Inc. ("BDGE") (NASDAQ: BDGE). Under the terms of the merger agreement, DCOM shareholders will receive 0.6480 shares of BDGE common stock for each share of DCOM that they hold, representing implied per-share merger consideration of $12.45 based upon BDGE's July 7, 2020 closing price of $19.22.
If you own DCOM shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact: Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway, 16th Floor New York, NY 10036 (212) 682-3025 (888) 593-4771 [email protected]
WeissLaw is investigating whether DCOM's board acted to maximize shareholder value prior to entering into the acquisition agreement, and whether all material information will be fully and fairly disclosed to DCOM's shareholders. Notably, at least one analyst set a target price for DCOM of $19.00 per share, or approximately $6.50 above the current implied per-share merger consideration.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]