STEL MERGER INVESTIGATION: Halper Sadeh LLC is Investigating Whether the Sale of Stellar Bancorp, Inc. is Fair to Shareholders

Shareholders may contact the firm to discuss their rights.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Stellar Bancorp, Inc. (NYSE: STEL) to Prosperity Bancshares, Inc. for 0.3803 shares of Prosperity common stock and $11.36 in cash for each share of Stellar common stock is fair to Stellar shareholders.

Halper Sadeh encourages Stellar shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at [phone] or [e-mail] or [e-mail].

The investigation concerns whether Stellar and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Stellar shareholders; (2) determine whether Prosperity is underpaying for Stellar; and (3) disclose all material information necessary for Stellar shareholders to adequately assess and value the merger consideration.

On behalf of Stellar shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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