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Partners Bancorp Investigation
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Partners Bancorp Investigation

We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Partners Bancorp (“Partners” or the “Company”) (NASDAQ: PTRS) in connection with the proposed merger of the Company with OceanFirst Financial Corp. (“OceanFirst”) (NASDAQ: OCFC). Under the terms of the merger agreement, the Company’s shareholders may elect to receive $10.00 in cash or 0.4512 shares of OceanFirst common stock for each share of Partners common stock that they hold, representing implied consideration of $10.47 based upon OceanFirst’s November3, 2021 closing price of $23.21.

WeissLaw LLP is investigating whether: (i) Partners’ board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Partners’ shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

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