Blue Ridge Bankshares, Inc. (BRBS) Investigation: Halper Sadeh LLC Investigates Whether the Proposed Sale of Blue Ridge Bankshares, Inc. Is Fair to Shareholders
Halper Sadeh LLC, an investor rights law firm, announced it is investigating whether the proposed sale of Blue Ridge Bankshares, Inc. to HomeTrust Bancshares, Inc.—in which Blue Ridge shareholders would receive 0.086 shares of HomeTrust common stock per share and own approximately 35% of the combined company—is fair to shareholders. The firm is encouraging Blue Ridge shareholders to learn more about their rights and options.
Why it matters — A shareholder-rights law firm has opened an investigation into the terms of the pending sale, which could raise concerns for BRBS investors about the fairness of the deal consideration.