January 8, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Cape Bancorp, Inc. (NASDAQ:CBNJ), was announced concerning whether the takeover of Cape Bancorp, Inc. by OceanFirst Financial Corp is unfair to NASDAQ:CBNJ stockholders.

The investigation by a law firm concerns whether certain officers and directors of Cape Bancorp, Inc. breached their fiduciary duties owed to NASDAQ:CBNJ investors in connection with the proposed acquisition.

On January 05, 2016, OceanFirst Financial Corp. (NASDAQ:OCFC), headquartered in Toms River, New Jersey, and Cape Bancorp, Inc. (NASDAQ:CBNJ) announced that they have entered into a definitive agreement and plan of merger pursuant to which Cape Bancorp, Inc. (NASDAQ:CBNJ), the holding company and parent of Cape Bank, will merge with and into OceanFirst Financial Corp, the holding company and parent of OceanFirst Bank. Cape Bank will also merge with and into OceanFirst Bank. The transaction is valued at approximately $15.00 per Cape Bancorp, Inc. (NASDAQ:CBNJ) common share or approximately $208.1 million in the aggregate.
However, the investigation concerns whether the offer is unfair to NASDAQ:CBNJ stockholders. More specifically, the investigation concerns whether the Cape Bancorp Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Cape Bancorp, Inc. reported that its Net Income rose from $4.56 million in 2012 to $6.78 million in 2014.