Provided By PR Newswire
Last update: Mar 5, 2022
NEW YORK, March 4, 2022 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Prudential Bancorp, Inc. ("Prudential" or the "Company") (NASDAQ: PBIP) in connection with the proposed merger of the Company with Fulton Financial Corporation ("Fulton") (NASDAQ: FULT). Under the terms of the merger agreement, Prudential shareholders will receive 0.7974 shares of Fulton common stock and $3.65 in cash for each Prudential share they own, representing implied per share merger consideration of approximately $17.56 based upon Fulton's March 4, 2022 closing price of $17.44.
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