NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A. announces that it is investigating the Board of Directors of The Bank of Kentucky Financial Corporation (NASDAQ: BKYF) for possible breaches of fiduciary duty and other violations of state law in connection with their entry into a definitive agreement to be acquired by BB&T Corporation (NYSE: BBT).
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Under the terms of the proposed transaction, shareholders will receive 1.0126 shares of BB&T common stock and $9.40 in cash for each share of Bank of Kentucky common stock they own. The proposed transaction is valued at approximately $363 million. The investigation relates to whether the proposal for 1.0126 BB&T shares and $9.40 in cash per share is fair to public shareholders and whether Bank of Kentucky’s Board breached its fiduciary duties in connection with the proposed sale.
If you currently own shares of Bank of Kentucky and wish to obtain additional information, please visit the website at http://rosenlegal.com/cases-349.html. You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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