Shareholder Alert: Ademi LLP Investigates Whether Brookline Bancorp, Inc. Is Obtaining a Fair Price for Its Public Shareholders

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MILWAUKEE--(BUSINESS WIRE)--Dec 16, 2024--

Ademi LLP is investigating Brookline (NASDAQ: BRKL) for possible breaches of fiduciary duty and other violations of law in its transaction with Berkshire .

Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.

In the transaction, each share of Brookline common stock will be converted into 0.42 shares of Berkshire common stock, or approximately $12.68 per share of Brookline common stock, based on the $30.20 closing price of Berkshire common stock on December 13, 2024. As a result, Berkshire shareholders will own approximately 51%, Brookline shareholders will own approximately 45% of the combined company. Brookline insiders will receive substantial benefits as part of change of control arrangements.

The transaction agreement unreasonably limits competing transactions for Brookline by imposing a significant penalty if Brookline accepts a competing bid. We are investigating the conduct of Brookline’s 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 throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

View source version on businesswire.com:https://www.businesswire.com/news/home/20241216551649/en/

CONTACT: Ademi LLP

Guri Ademi

Toll Free: (866) 264-3995

Fax: (414) 482-8001

KEYWORD: WISCONSIN UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL

SOURCE: Ademi LLP

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PUB: 12/16/2024 09:19 AM/DISC: 12/16/2024 09:18 AM

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