FLIC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of the First of Long Island Corporation Is Fair to Shareholders
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Halper Sadeh LLC is investigating the fairness of the sale of The First of Long Island Corporation (NASDAQ: FLIC) to ConnectOne Bancorp, Inc. The deal involves exchanging 0.5175 shares of ConnectOne common stock for each share of Long Island common stock.
December 28, 2024 | 6:45 pm
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The First of Long Island Corporation is under investigation by Halper Sadeh LLC regarding the fairness of its sale to ConnectOne Bancorp. The deal involves a stock exchange ratio of 0.5175 ConnectOne shares for each Long Island share.
The investigation by Halper Sadeh LLC could impact shareholder sentiment and potentially affect the stock price of FLIC. However, the outcome of the investigation is uncertain, leading to a neutral short-term impact.
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