PR Newswire
NEW YORK, Nov. 3, 2017
NEW YORK, Nov. 3, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Clifton Bancorp, Inc.
("CSBK" or the "Company") (NASDAQ: CSBK) in connection with the proposed acquisition of the Company by Kearny Financial Corp.
("KRNY") (NASDAQ: KRNY). Under the terms of the acquisition agreement, the Company's shareholders will receive 1.191 shares
of KRNY for each CSBK share they hold, representing consideration of $17.56 per CSBK share based on
KRNY's November 2 closing price.
WeissLaw is investigating whether CSBK's Board acted to maximize shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $18.00 per CSBK share. Additionally, the
per-share consideration offers CSBK shareholders virtually no premium over the Company's October 31
closing price of $17.03.
Given these facts, WeissLaw is investigating whether CSBK's shareholders will obtain their fair and proportionate share of the
Company's continued success and future growth prospects. If you own CSBK shares and would like more information about your
rights or our investigation, or if you have information to share with us, please contact Joshua
Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com .
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief
in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email
us at stockinfo@weisslawllp.com or fill
out the form on our website, http://www.weisslawllp.com/clifton-bancorp-inc/
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SOURCE WeissLaw LLP