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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Two River Bancorp (“Two River” or the “Company”) (NASDAQGM: TRCB) to OceanFirst Financial Corp. (“OceanFirst”) (NASDAQGS: OCFC). Under the terms of the deal shareholders of Two River will receive $5.375 in cash and 0.6663 shares of OceanFirst common stock for each share of Two River common stock.
The Two River merger investigation concerns whether the Board of Two River breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether OceanFirst is underpaying for Two River shares, thus unlawfully harming Two River shareholders.
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