Faruqi & Faruqi, LLP Announces Investigation of Parkvale Financial Corporation
24 Giugno 2011 - 1:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Parkvale Financial Corporation (“Parkvale” or the
“Company”) (NasdaqGS: PVSA) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to F.N.B. Corporation (NYSE: FNB) in a deal valued at
approximately $125 million in stock. Under the terms of the
proposed transaction, Parkvale’s shareholders will receive 2.178
shares of F.N.B. Corporation which represents an approximate value
of $22.35 for each share they own. According to Yahoo! Finance, at
least one financial analyst has set a price target of $27 for
Parkvale.
Request more information now by clicking here:
www.faruqilaw.com/PVSA
Whether Parkvale’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues
Parkvale’s shares and by how much this proposed transaction
undervalues the Company to the detriment of Parkvale’s shareholders
are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Parkvale and wish to obtain
additional information, please visit us at www.faruqilaw.com/PVSA
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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