1. OPOF's sale to TowneBank includes $41 cash or shares. 2. Investigator Halper Sadeh LLC is probing possible securities law violations. 3. Shareholders may seek better terms amid the transaction. 4. The firm's contingency fees mean no upfront cost for shareholders. 5. Halper Sadeh LLC has successfully recovered funds for defrauded investors.
The sale at $41.00 per share guarantees liquidity to OPOF shareholders, which can drive positive sentiment and price stability. This mirrors situations where acquisition announcements have resulted in immediate stock price increases, reflecting optimism among shareholders.
The ongoing investigation may lead to either favorable changes in the acquisition terms for OPOF shareholders or enhance awareness around the stock, thereby influencing its market perception.
Shareholder actions are likely to manifest quickly due to the proposed transaction's structure. Historical trends show immediate price impacts following merger announcements as the market reacts to the offer.
NEW YORK, June 9, 2025 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
(NASDAQ: OPOF)'s sale to Hampton Roads based TowneBank. Under the terms of the agreement, Old Point shareholders will elect to receive either $41.00 in cash or 1.1400 shares of TowneBank common stock for each share of Old Point common stock. If you are an Old Point shareholder, click here to learn more about your rights and options.
(NYSE: PRA)'s sale to The Doctors Company for $25.00 in cash per share. If you are a ProAssurance shareholder, click here to learn more about your rights and options.
(NASDAQ: SWTX)'s sale to Merck KGaA, Darmstadt, Germany for $47.00 per share in cash. If you are a SpringWorks shareholder, click here to learn more about your rights and options.
Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected].
Halper Sadeh LLC 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.
Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
www.halpersadeh.com
SOURCE Halper Sadeh LLP