NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of ConnectOne Bancorp, Inc. (“ConnectOne” or “the Company”) (NasdaqGS: CNOB) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Center Bancorp, Inc. (“Center”) (NasdaqGS: CNBC).
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Under the terms of the transaction, ConnectOne shareholders will receive 2.6 shares of Center common stock for each share of ConnectOne common stock they own. The transaction has a total approximate value of $243 million. The investigation concerns whether the ConnectOne Board breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Center is underpaying for ConnectOne shares.
If you own ConnectOne common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/CNOB.
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