Fulton Financial Acquires Blue Foundry in $243 Million All-Stock Transaction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 24 2025
0mins
Should l Buy BLFY?
Source: SeekingAlpha
Acquisition Details: Fulton Financial Corp. has agreed to acquire Blue Foundry in an all-stock deal valued at approximately $243 million, with each share of Blue Foundry being exchanged for 0.6500 shares of Fulton common stock.
Strategic Growth: The acquisition aims to enhance Fulton's growth in the northern New Jersey market and is expected to be accretive to first-year earnings by over 5%, while remaining neutral to regulatory capital ratios.
Approval and Timeline: Both companies' boards have approved the merger, which is anticipated to close in Q2 2026, pending regulatory approvals and Blue Foundry stockholder consent.
Market Reaction: Following the announcement, Fulton shares experienced a slight decline of 0.9% in premarket trading, while Blue Foundry's stock remained relatively unchanged.
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Analyst Views on BLFY
Wall Street analysts forecast BLFY stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 14.040
Low
10.00
Averages
10.00
High
10.00
Current: 14.040
Low
10.00
Averages
10.00
High
10.00
No data
About BLFY
Blue Foundry Bancorp is a holding company for Blue Foundry Bank (the Bank). The Bank is a chartered stock savings bank. The Bank's principal business consists of originating one-to-four family residential, multifamily, and non-residential real estate mortgages, home equity loans and lines of credit, construction, and commercial and industrial loans in its principal market and surrounding areas. In addition, it often lends outside its branch network in more densely populated and metropolitan areas, adding diversification to its loan portfolio. It attracts retail deposits from the public in the areas surrounding its banking offices, through its borrowers, and through its online presence, offering a variety of deposit products. Its primary sources of funds are deposits, principal and interest payments on loans, securities, and borrowings. The Bank operates 20 full-service banking offices in Bergen, Essex, Hudson, Middlesex, Morris, Passaic, and Union counties in New Jersey.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Shareholder Rights Protection: The firm is also examining Synchronoss Technologies, Inc. (NASDAQ:SNCR)'s sale to Lumine Group Inc. for $9.00 per share, which may be subject to adjustments for transaction expenses that could affect shareholder interests.
- Potential Compensation Claims: Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief measures to ensure that shareholder rights are upheld in these transactions.
- Legal Consultation Services: The firm offers free consultations, encouraging affected shareholders to reach out to discuss their legal rights and options, demonstrating a commitment to protecting investor interests.
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- Shareholder Rights Concern: The proposed transaction has raised concerns regarding shareholder rights, as KSF seeks to determine the adequacy of the process, which could influence shareholder acceptance and future investment decisions.
- Legal Consultation Opportunity: KSF is offering legal consultation services, encouraging shareholders who believe the transaction undervalues the company to reach out, indicating the firm's intent to support and protect shareholder interests.
- Market Reaction Expectations: Given the potential undervaluation of the deal, the market may react negatively to Blue Foundry Bancorp's stock price, impacting its performance on NASDAQ and future financing capabilities.
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- Legal Support: Halper Sadeh LLC offers legal services on a contingency fee basis, encouraging Axalta shareholders to reach out to discuss their legal rights and options, demonstrating a commitment to shareholder interests.
- Industry Impact: Such investigations may affect Axalta's market reputation and shareholder confidence, reflecting a growing emphasis on protecting shareholder rights in merger and acquisition transactions.
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- Commitment to Legal Services: Halper Sadeh LLC offers contingent fee legal services, encouraging shareholders to reach out to discuss their rights and options, demonstrating the firm's dedication to protecting and supporting investors globally.
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- Shareholder Rights Protection: The firm is recognized for recovering millions for shareholders and was ranked as a Top 50 firm in the 2024 ISS Securities Class Action Services Report, showcasing its strength in protecting shareholder interests.
- Additional Transaction Investigations: In addition to The Brand House, investigations are also underway for Blue Foundry Bancorp and Soulpower Acquisition Corporation, with Blue Foundry shareholders expected to receive 0.65 shares of Fulton Financial and Soulpower shareholders to receive 1 share in the combined entity, indicating the firm's broad focus on multiple transactions.
- Transparency in Legal Services: Monteverde & Associates offers free consultations and emphasizes that shareholders should inquire about a law firm's success record and ability to handle class actions when selecting legal representation to ensure their rights are effectively protected.
See More
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Innovator's Integration and Future Plans: Innovator will operate as a wholly owned subsidiary within Goldman Sachs Asset Management, maintaining its existing investment management arrangements while integrating its defined outcome ETF suite into Goldman’s offerings.
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