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.
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SOURCE Brodsky & Smith, LLC