BALA CYNWYD, Pa.--(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 firstname.lastname@example.org, 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.