FLIC INVESTIGATION: The M&A Class Action Firm Investigates the Merger of First of Long Island Corp. - FLIC

Rhea-AI Summary

First of Long Island Corp (Nasdaq: FLIC) is subject to a proposed merger with ConnectOne Bancorp, Inc., with terms specifying that FLIC will acquire ConnectOne shares at an exchange ratio of 0.5175 shares of FLIC common stock per ConnectOne share.

Monteverde & Associates PC, an M&A class action law firm, announced it is investigating the merger and is soliciting potentially interested shareholders at no cost or obligation. The firm notes prior recoveries for shareholders and offers contact guidance for prospective clients.

Positive

• Deal specifies a clear exchange ratio: 0.5175 FLIC shares per ConnectOne share
• Merger constitutes a definitive transaction between FLIC and ConnectOne

Negative

• M&A class action firm investigating the merger introduces litigation or review risk
• Transaction is stock-for-stock consideration, creating potential equity dilution for existing FLIC holders

NEW YORK, Sept. 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating First of Long Island Corp. (Nasdaq: FLIC), relating to its proposed merger with ConnectOne Bancorp, Inc. Under the terms of the agreement, FLIC anticipates acquiring ConnectOne shares at the price of 0.5175 shares of FLIC common stock.

Click here for more information: https://monteverdelaw.com/case/first-of-long-island-corp/. It is free and there is no cost or obligation to you.

NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

1. Do you file class actions and go to Court?
2. When was the last time you recovered money for shareholders?
3. What cases did you recover money in and how much?

About Monteverde & Associates PC

Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

No company, director or officer is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

Contact:
Juan Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4740
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341

Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

View original content to download multimedia:https://www.prnewswire.com/news-releases/flic-investigation-the-ma-class-action-firm-investigates-the-merger-of-first-of-long-island-corp--flic-302245531.html

SOURCE Monteverde & Associates PC

FAQ

What are the merger terms for First of Long Island Corp (FLIC) and ConnectOne announced on Sept 11, 2024?

The announced terms state FLIC will acquire ConnectOne shares at an exchange ratio of 0.5175 FLIC shares per ConnectOne share.

What does the Monteverde & Associates investigation mean for FLIC shareholders?

The firm is soliciting shareholder contact and said it is investigating the merger, which may indicate potential litigation or review but does not itself allege misconduct.

Is the FLIC–ConnectOne deal cash or stock consideration?

The transaction is stock consideration: ConnectOne shares are to be exchanged for 0.5175 shares of FLIC common stock per share.

How can FLIC shareholders contact the M&A class action firm about the merger inquiry?

Monteverde & Associates offers a free, no-obligation review and provides contact via its case page linked in its announcement.

Will the investigation delay the FLIC and ConnectOne merger closing?

The announcement does not specify timing; an investigation may lead to additional review or legal actions that could affect timing but no timeline is stated.