NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A. announces that it is investigating the Board of Directors of Colonial Financial Services, Inc. (NASDAQ: COBK) for possible breaches of fiduciary duty and other violations of state law in connection with their approval of the proposed sale to Cape Bancorp, Inc. (NASDAQ: CBNJ).
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Under the terms of the proposed transaction, shareholders will receive either $14.50 in cash for each share of Colonial Financial they own, or 1.412 shares of Cape Bancorp common stock. The proposed transaction is valued at approximately $55 million. The investigation relates to whether the proposal for $14.50 per share or 1.412 share of Cape Bancorp is fair to public shareholders and whether Colonial’s Board breached its fiduciary duties in connection with the proposed sale.
If you currently own shares of Colonial Financial and wish to obtain additional information, please visit the website at http://rosenlegal.com/cases-354.html. You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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