NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm announces that it is investigating the Board of Directors of Valley Financial Corporation (NASDAQ: VYFC)for possible breaches of fiduciary duty and other violations of law by failing to adequately shop Valley Financial to maximize shareholder value before agreeing to be acquired by BNC Bancorp (NASDAQ: BNCN).
If you would like to join the action, go to http://rosenlegal.com/cases-442.html or contact Phillip Kim or Kevin Chan, toll-free at 866-767-3653, or via e-mail at email@example.com or firstname.lastname@example.org. There is no cost or obligation to you.
Under the terms of the proposed transaction, shareholders will receive a fixed price of $20.50 in BNC common stock for each share of Valley Financial they own, based upon the 20-day volume weighted average price of BNC common stock prior to the closing of the merger. The proposed transaction is valued at approximately $101 million. The investigation relates to whether the proposal is fair to the public shareholders of Valley Financial and whether Valley Financial’s Board breached its fiduciary duties in connection with the proposed sale.
If you currently own shares of Valley Financial and wish to obtain additional information, please visit the website at http://rosenlegal.com/cases-442.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 email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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