NEW YORK, Sept. 21, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Blue Hills Bancorp, Inc. (“Blue Hills Bancorp” or the “Company”) (NASDAQ: BHBK) stock prior to September 20, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Blue Hills Bancorp to Independent Bank Corp. (NASDAQ: INDB). Under the terms of the transaction, Blue Hills Bancorp shareholders will receive 0.2308 of an Independent share and $5.25 in cash for each share of Blue Hills Bancorp stock they own. Certain Blue Hills Bancorp directors and officers who own approximately 4.4% of the Company’s outstanding shares have already agreed to tender their shares. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/blue-hills-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 Blue Hills Bancorp merger investigation concerns whether the Board of Blue Hills Bancorp breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Independent Bank Corp. is underpaying for Blue Hills Bancorp shares, thus unlawfully harming Blue Hills Bancorp 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