BLFY Merger Investigation: Halper Sadeh LLC is Investigating Whether the Sale of Blue Foundry Bancorp is Fair to Shareholders

Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the sale of Blue Foundry Bancorp (NASDAQ: BLFY) to Fulton Financial Corporation, specifically whether the exchange of 0.65 shares of Fulton Financial for each share of Blue Foundry is equitable for shareholders [1][3]. Investigation Details - The investigation focuses on potential violations of federal securities laws and breaches of fiduciary duties by Blue Foundry's board, including failure to secure the best possible consideration for shareholders, assessing whether Fulton Financial is underpaying, and not disclosing all material information necessary for shareholders to evaluate the merger [3][4]. - Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other forms of relief related to the proposed transaction [4]. Legal Rights and Options - Blue Foundry shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options regarding the merger [2][4].