FRBA Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of First Bank Is Fair to Shareholders
Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of First Bank (
NASDAQ: FRBA) and Malvern Bancorp, Inc. is fair to First Bank shareholders. Under the terms of the merger, Malvern shareholders will receive 0.7733 shares of First Bank common stock and $7.80 in cash per each Malvern common share outstanding.
