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Merger News

Levi & Korsinsky Announces Investigation of BSB Merger; BLMT Acquisition

Levi & Korsinsky

November 29, 2018

NEW YORK, November 29, 2018 – Levi & Korsinsky, LLP announces an investigation concerning the fairness of the sale of BSB Bancorp, Inc. (“BSB” or the “Company”) (NASDAQCM: BLMT) to People’s United Financial, Inc. (NASDAQGS: PBCT). Under the terms of the transaction, BSB shareholders will receive 2.0 shares of People’s United stock for each BSB share they own. This represents an approximate value of $32.42 per share. To learn more about the action and your rights, go tohttps://www.zlk.com/mna/bsb-bancorp-inc or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The BSB merger investigation concerns whether the Board of BSB breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether People’s United is underpaying for BSB shares, thus unlawfully harming BSB shareholders.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com