Core Points - The Ademi Firm is investigating Blue Foundry for potential breaches of fiduciary duty related to its transaction with Fulton Financial [1] - Blue Foundry shareholders will receive 0.6500 shares of Fulton common stock for each share, valuing Blue Foundry at $11.67 per share based on Fulton's share price of $17.96 [2] - The transaction agreement imposes significant penalties for accepting competing bids, raising concerns about the Blue Foundry board's fiduciary duties [3] Company Specifics - The transaction values Blue Foundry at approximately $11.67 per share, indicating a significant valuation based on the exchange ratio with Fulton Financial [2] - Blue Foundry insiders are set to receive substantial benefits as part of the change of control arrangements, which may raise questions about the fairness of the deal for public shareholders [2] Legal and Regulatory Concerns - The investigation focuses on whether the Blue Foundry board is fulfilling its fiduciary duties to all shareholders, particularly in light of the penalties imposed on competing bids [3] - The Ademi Firm specializes in shareholder litigation involving mergers and buyouts, indicating a broader context of scrutiny in similar transactions [4]

The transaction agreement unreasonably limits competing transactions for Green Dot by imposing a significant penalty if Green Dot accepts a competing bid. We are investigating the conduct of the Green Dot board of directors, and whether they are fulfilling their fiduciary duties to all shareholders. We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee simi ...