Boston Private Financial Holdings, Inc.

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Ademi LLP is investigating Boston Private (NASDAQ:BPFH) for possible breaches of fiduciary duty and other violations of the law in its transaction with ATN International.

Ademi LLP alleges Boston Private’s financial outlook is improving and yet Boston Private shareholders will receive only 0.0228 shares of SVB common stock and $2.10 of cash for each Boston Private share they own, representing a total consideration of approximately $10.94 per share based on SVB's closing stock price of $387.83 on December 31, 2020.  The merger agreement unreasonably limits competing bids for Boston Private by prohibiting solicitation of further bids, and imposing a termination penalty if Boston Private accepts a superior bid. Boston Private insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Boston Private’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Boston Private.