New York, New York--(Newsfile Corp. - July 6, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Bridge Bancorp, Inc. ("Bridge" or the "Company") (NASDAQ: BDGE) stock prior to July 1, 2020.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Bridge with Dime Community Bancshares, Inc. ("Dime") (NASDAQ: DCOM). Under the terms of the merger, Dime will merge with and into Bridge, with Bridge as the surviving corporation, and Dime's subsidiary, Dime Community Bank, will merge with and into Bridge's subsidiary, BNB Bank, with BNB Bank as the surviving institution. Following the closing of the transaction, Dime shareholders will receive 0.6480 shares of Bridge common stock for each share of Dime common stock they own. Upon completion of the transaction, Dime shareholders will own approximately 52% and Bridge shareholders will own approximately 48% of the combined company. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Bridge merger investigation concerns whether the Board of Bridge breached their fiduciary duties to stockholders by agreeing to enter into this transaction and whether the merger undervalues Bridge relative to Dime, thereby harming Bridge shareholders.
Levi & Korsinsky is a nationally recognized 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.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59221