NEW YORK, May 9, 2014 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims against the board
of directors of 1st United Bancorp, Inc. ("1st United" or the
"Company") (NASDAQ: FUBC) concerning the proposed acquisition of
the Company by Valley National Bancorp ("Valley
National").
Under the terms of the transaction, Valley National will acquire
1st United for approximately $312
million. 1st United shareholders will receive 0.89 of
a share of Valley National common stock for each 1st United share
they own, subject to adjustment in the event Valley National's
average stock price falls below $8.09
or rises above $12.13 prior to
closing.
Our investigation concerns whether the 1st United board of
directors is fulfilling its fiduciary duties, maximizing the value
of the Company, disclosing all material benefits and costs, and
obtaining full and fair consideration for Company
shareholders.
If you own 1st United shares and wish to discuss this matter
with us, or have any questions concerning your rights and interests
with regard to this matter, please contact:
Benjamin I. Sachs-Michaels,
Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising © 2014 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
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SOURCE Harwood Feffer LLP