CENTURY BANCORP ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of CNBKA and Encourages Investors to Contact the Firm

On April 7, 2021, Century announced that it had signed an agreement to be acquired by Eastern for approximately $642 million.

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GlobeNewswire, Inc.

Retrieved on:

Thursday, April 8, 2021

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Tags:

Corporate finance, Financial economics, Finance, Money, Stock market, Equity securities, Security, Stock, Derivative, Mergers and acquisitions, Common stock

Geotags:

NEW YORK, Us, EASTERN, CALIFORNIA

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BRAGAR EAGEL & SQUIRE

Summary

Key Points:

On April 7, 2021, Century announced that it had signed an agreement to be acquired by Eastern for approximately $642 million.
Pursuant to the merger agreement, Century stockholders will receive $115.28 in cash for each share of Century common stock owned.
Bragar Eagel & Squire is concerned that Centurys board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

NEW YORK, April 08, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Century Bancorp, Inc. (NASDAQ: CNBKA) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Eastern Bankshares, Inc. (NASDAQ: EBC).

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On April 7, 2021, Century announced that it had signed an agreement to be acquired by Eastern for approximately $642 million. Pursuant to the merger agreement, Century stockholders will receive $115.28 in cash for each share of Century common stock owned. The deal is scheduled to close in the fourth quarter of 2021.

Bragar Eagel & Squire is concerned that Century’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Century’s stockholders.

If you own shares of Century and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at [email protected] or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
[email protected]
www.bespc.com