SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of 1st United Bancorp, Inc. In Connection With the Sale of th...
21 Maggio 2014 - 3:15AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
1st United Bancorp, Inc. (“1st United” or the “Company”) (Nasdaq:
FUBC) relating to the proposed acquisition by Valley National
Bancorp (“Valley National”).
Click here to learn more about the investigation
http://brodsky-smith.com/757-fubc-1st-united-bancorp-inc.html, or
call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, 1st United shareholders will
receive only 0.89 shares of Valley National stock for each share of
1st United stock they own. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of 1st United for not acting in the Company’s
shareholders' best interests in connection with the sale process.
The transaction may undervalue 1st United and may be below the
premium paid in comparable transactions. The exchange ratio
represents no significant premium for 1st United shareholders as
1st United stock traded at $8.16 per share as recently as March 21,
2014 and traded at $8.15 per share on August 6, 2013.
If you own shares of 1st United common stock and wish to discuss
the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/757-fubc-1st-united-bancorp-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/757-fubc-1st-united-bancorp-inc.html
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