Law Offices of Howard G. Smith Announces Investigation of Parkvale Financial Corporation
18 Giugno 2011 - 1:30AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Parkvale Financial Corporation (“Parkvale” or the “Company”)
(NASDAQ:PVSA) related to the Company’s agreement to be acquired by
F.N.B. Corporation (“F.N.B.”). The proposed all-stock transaction
is valued at approximately $130 million.
Under the terms of the definitive merger agreement entered into
by the parties, Parkvale shareholders will receive 2.178 shares of
F.N.B. common stock for each share of Parkvale stock they own. The
proposed transaction values Parkvale stock at approximately $22.48
per share. The proposed transaction is expected to be completed in
fourth quarter 2011. The investigation concerns possible breaches
of fiduciary duty and other violations of law related to approval
of the proposed transaction by Parkvale’s board of directors.
If you are a shareholder of Parkvale, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at 215-638-4847, Toll Free at
888-638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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