WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of TF Financial Corporation (NASDAQ GM: THRD)?
- Did you purchase any of your shares prior to June 4, 2014?
- Do you think the proposed buyout price 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 TF Financial Corporation (“TF Financial” or the “Company”) (NASDAQ GM: THRD) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by National Penn Bancshares, Inc. (“National Penn”) (NASDAQ GS: NPBC), in a transaction valued at approximately $138 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/tf-financial-corporation-thrd.
Under the terms of the agreement, public shareholders of TF Financial can elect to receive $42.00 in cash or 4.22 shares of National Penn common stock for each share of TF Financial they own.
The investigation concerns whether TF Financial’s board of directors failed to adequately shop the Company and obtain the best possible value for TF Financial’s shareholders before entering into an agreement with National Penn.
If you own the common stock of TF Financial and purchased your shares before June 4, 2014, 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 email@example.com, or at: http://www.rigrodskylong.com/investigations/tf-financial-corporation-thrd.
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.
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