We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Randolph Bancorp, Inc. (“Randolph” or the “Company”) (NASDAQ: RNDB), in connection with the proposed acquisition of the Company by Hometown Financial Group, Inc. (“Hometown”). Under the terms of the merger agreement, the Company’s shareholders will receive $27.00 in cash for each share of Randolph common stock owned. The transaction is valued at approximately $146.5 million.
Weiss Law is investigating whether (i) Randolph’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $27.00 per-share merger consideration adequately compensates Randolph’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.