WILMINGTON, Del., Sept. 12, 2014 /PRNewswire/ -- Rigrodsky
& Long, P.A.:
- Do you own shares of Colonial Financial Services, Inc.
(NASDAQ GM: COBK)?
- Did you purchase any of your shares prior to September 10, 2014?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Colonial
Financial Services, Inc. ("Colonial" or the "Company") (NASDAQ GM:
COBK) regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by Cape Bancorp, Inc. ("Cape") (NASDAQ GS: CBNJ), in
a transaction valued at approximately $55
million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/colonial-financial-services-inc-cobk.
Under the terms of the agreement, public shareholders of
Colonial can elect to receive either $14.50 per share in cash or 1.412 shares of
Cape's common stock, subject to 50% of the shares being exchanged
for stock, for each share of Colonial they own.
The investigation concerns whether Colonial's board of directors
failed to adequately shop the Company and obtain the best possible
value for Colonial's shareholders before entering into an agreement
with Cape.
If you own the common stock of Colonial and purchased your
shares before September 10, 2014, if
you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington,
DE 19803, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/colonial-financial-services-inc-cobk.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.