{"id":440822,"date":"2021-02-22T09:14:49","date_gmt":"2021-02-22T14:14:49","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=440822"},"modified":"2021-02-22T09:14:49","modified_gmt":"2021-02-22T14:14:49","slug":"pbct-johnson-fistel-investigates-the-proposed-sale-of-peoples-united-are-shareholders-getting-a-fair-deal","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pbct-johnson-fistel-investigates-the-proposed-sale-of-peoples-united-are-shareholders-getting-a-fair-deal\/","title":{"rendered":"(PBCT): Johnson Fistel Investigates the Proposed Sale of People’s United; Are Shareholders Getting a Fair Deal?"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n SAN DIEGO<\/span>, Feb. 22, 2021<\/span> \/PRNewswire\/ — Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of People’s United Financial, Inc. (NASDAQ: PBCT) (“People’s United”)\u00a0breached their fiduciary duties in connection with the proposed sale of the Company to\u00a0M&T Bank Corporation (NYSE: MTB) (“M&T”). \u00a0<\/p>\n

On February 22, 2021<\/span>, People’s United announced that it had entered into a definitive merger agreement with M&T.\u00a0Under the terms of the agreement, People’s United shareholders will receive 0.118 of a share of M&T common stock for each People’s United share they own. People’s United shareholders will be subject to the future price fluctuation of <\/u><\/b>M&T<\/u><\/b>\u00a0‘s stock price. <\/u><\/b><\/p>\n

The investigation concerns whether the People’s United\u00a0board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for People’s United\u00a0shares of common stock. <\/p>\n

\n If you are a shareholder of People’s United\u00a0and believe the proposed buyout price is too low or you’re interested in learning more about the investigation, please contact lead analyst Jim Baker<\/span> (jimb@johnsonfistel.com<\/a><\/u>) at 619-814-4471<\/a>.<\/b>\u00a0If emailing, please include a phone number.<\/b><\/p>\n

\n Additionally, you can <\/b>[Click here to join this action<\/a><\/b>]. There is no cost or obligation to you.<\/b><\/p>\n

\n About Johnson Fistel<\/span>, LLP:<\/b>
\n
\n Johnson Fistel<\/span>, LLP is a nationally recognized shareholder rights law firm with offices in California<\/span>, New York<\/span>, and Georgia<\/span>. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https:\/\/www.johnsonfistel.com<\/a>. Attorney advertising. Past results do not guarantee future outcomes.<\/p>\n

\n Contact:<\/b>
\n
\n Johnson Fistel<\/span>, LLP
Jim Baker<\/span>, 619-814-4471<\/a>
jimb@johnsonfistel.com<\/a><\/p>\n

[Click here to join this action<\/a><\/b>]<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/pbct-johnson-fistel-investigates-the-proposed-sale-of-peoples-united-are-shareholders-getting-a-fair-deal-301232529.html<\/a><\/p>\n

SOURCE Johnson Fistel<\/span>, LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire SAN DIEGO, Feb. 22, 2021 \/PRNewswire\/ — Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of People’s United Financial, Inc. (NASDAQ: PBCT) (“People’s United”)\u00a0breached their fiduciary duties in connection with the proposed sale of the Company to\u00a0M&T Bank Corporation (NYSE: MTB) (“M&T”). \u00a0 On February 22, 2021, People’s United announced that it had entered into a definitive merger agreement with M&T.\u00a0Under the terms of the agreement, People’s United shareholders will receive 0.118 of a share of M&T common stock for each People’s United share they own. People’s United shareholders will be subject to the future price fluctuation of M&T\u00a0‘s stock price. The investigation concerns whether the People’s United\u00a0board failed to … <\/p>\n

Continue reading “(PBCT): Johnson Fistel Investigates the Proposed Sale of People’s United; Are Shareholders Getting a Fair Deal?”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-440822","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n(PBCT): Johnson Fistel Investigates the Proposed Sale of People's United; Are Shareholders Getting a Fair Deal? - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pbct-johnson-fistel-investigates-the-proposed-sale-of-peoples-united-are-shareholders-getting-a-fair-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"(PBCT): Johnson Fistel Investigates the Proposed Sale of People's United; Are Shareholders Getting a Fair Deal? - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN DIEGO, Feb. 22, 2021 \/PRNewswire\/ — Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of People’s United Financial, Inc. (NASDAQ: PBCT) (“People’s United”)\u00a0breached their fiduciary duties in connection with the proposed sale of the Company to\u00a0M&T Bank Corporation (NYSE: MTB) (“M&T”). \u00a0 On February 22, 2021, People’s United announced that it had entered into a definitive merger agreement with M&T.\u00a0Under the terms of the agreement, People’s United shareholders will receive 0.118 of a share of M&T common stock for each People’s United share they own. People’s United shareholders will be subject to the future price fluctuation of M&T\u00a0‘s stock price. 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