NEW YORK, July 7, 2020 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the board of directors of Dime Community
Bancshares, Inc. ("DCOM" or the "Company") (NASDAQ: DCOM) in
connection with the proposed stock-for-stock merger of the Company
with Bridge Bancorp, Inc. ("BDGE") (NASDAQ: BDGE). Under the
terms of the merger agreement, DCOM shareholders will receive
0.6480 shares of BDGE common stock for each share of DCOM that they
hold, representing implied per-share merger consideration of
$12.45 based upon BDGE's July 7, 2020 closing price of $19.22.
If you own DCOM shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, visit our website:
http://www.weisslawllp.com/dime-community-bancshares-inc/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether DCOM's board acted to maximize
shareholder value prior to entering into the acquisition agreement,
and whether all material information will be fully and fairly
disclosed to DCOM's shareholders. Notably, at least one
analyst set a target price for DCOM of $19.00 per share, or approximately $6.50 above the current implied per-share merger
consideration.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP