14:00 ET Shareholder Alert: The Ademi Firm investigates whether Blue Foundry Bancorp is obtaining a Fair Price for its Public Shareholders
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The Ademi Firm is investigating Blue Foundry Bancorp for potential breaches of fiduciary duty in its transaction with Fulton Financial. Shareholders will receive 0.6500 shares of Fulton stock per Blue Foundry share, valuing Blue Foundry at $11.67 per share. Concerns include substantial insider benefits and penalties for accepting competing bids. The investigation focuses on whether the board is fulfilling its fiduciary duties to shareholders.
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