press release

April 19, 2021, 9:33 a.m. EDT

Sterling Bancorp Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Sterling Bancorp Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – STL

Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Sterling Bancorp /zigman2/quotes/206493117/composite STL +0.02% to Webster Financial Corporation is fair to Sterling Bancorp shareholders. Under the terms of the merger, Sterling Bancorp shareholders will receive a fixed exchange ratio of 0.463 of a Webster share for each share of Sterling Bancorp stock they own.

Halper Sadeh encourages Sterling Bancorp shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com .

The investigation concerns whether Sterling Bancorp and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Sterling Bancorp shareholders; (2) determine whether Webster Financial is underpaying for Sterling Bancorp; and (3) disclose all material information necessary for Sterling Bancorp shareholders to adequately assess and value the merger consideration. On behalf of Sterling Bancorp shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh encourages Sterling Bancorp shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com .

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210419005550/en/

SOURCE: Halper Sadeh LLP

Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
sadeh@halpersadeh.com
zhalper@halpersadeh.com
https://www.halpersadeh.com

COMTEX_384684070/2456/2021-04-19T09:33:25

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/zigman2/quotes/206493117/composite
US : U.S.: NYSE
$ 26.18
+0.0050 +0.02%
Volume: 1.32M
May 10, 2021 3:04p
P/E Ratio
16.69
Dividend Yield
1.07%
Market Cap
$5.04 billion
Rev. per Employee
$783,730
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