YADKIN FINANCIAL CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
28 Luglio 2016 - 5:02PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Yadkin
Financial Corporation (NYSE: YDKN)?
- Did you purchase any of your shares
prior to July 21, 2016?
- Do you think the proposed buyout
value is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Yadkin
Financial Corporation (“Yadkin” or the “Company”) (NYSE: YDKN)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by F.N.B. Corporation (“FNB”) (NYSE: FNB), in a
transaction valued at approximately $1.4 billion.
Click here to learn more:
http://rigrodskylong.com/investigations/yadkin-financial-corporation-ydkn.
Under the terms of the agreement, shareholders of Yadkin will
receive 2.16 shares of FNB common stock for each share of Yadkin
common stock they own. Based on FNB’s closing stock price on
July 20, 2016, Yadkin shareholders would have received compensation
valued at approximately $28.51 per share.
The investigation concerns whether Yadkin’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Yadkin’s shareholders before entering into an agreement
with FNB.
If you own the common stock of Yadkin and purchased your shares
before July 21, 2016, 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
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/yadkin-financial-corporation-ydkn.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160728006126/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M. Serra(888)
969-4242(302) 295-5310Fax: (302)
654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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