Get Premium to unlock powerful stock data

SHAREHOLDER ALERT: Weiss Law Investigates Randolph Bancorp, Inc.

Author's Avatar
Mar 31, 2022
Article's Main Image

PR Newswire

NEW YORK, March 31, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Randolph Bancorp, Inc. ("Randolph" or the "Company") (NASDAQ: RNDB), in connection with the proposed acquisition of the Company by Hometown Financial Group, Inc. ("Hometown"). Under the terms of the merger agreement, the Company's shareholders will receive $27.00 in cash for each share of Randolph common stock owned. The transaction is valued at approximately $146.5 million.

WeissLaw_LLP_Logo.jpg

If you own Randolph shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslaw.co/news-and-cases/rndb
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
[email protected]

Weiss Law is investigating whether (i) Randolph's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $27.00 per-share merger consideration adequately compensates Randolph's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

Weiss Law 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]

favicon.png?sn=DC10790&sd=2022-03-31 View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-weiss-law-investigates-randolph-bancorp-inc-301515224.html

SOURCE WeissLaw LLP

rt.gif?NewsItemId=DC10790&Transmission_Id=202203311754PR_NEWS_USPR_____DC10790&DateId=20220331
Rating:
NaN / 5 ( votes)
Author's Avatar
WRITTEN BY

GuruFocus Screeners

Related Articles

Q&A with Gurus