NEW YORK--(BUSINESS WIRE)--Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of The Bank of Kentucky Financial Corp. (“Bank of Kentucky” or the “Company”) (NasdaqGS:BKYF) for potential breaches of fiduciary duties in connection with the sale of the Company to BB&T Corporation (“BB&T”) for approximately $363 million in cash and stocks. The Company’s stockholders will receive 1.0126 shares of BB&T common stock and $9.40 in cash for each share of The Bank of Kentucky common stock they own, a deal valued at approximately $47.45 per share based on BB&T’s closing price on September 5, 2014.
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The investigation focuses on whether Bank of Kentucky’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Bank of Kentucky’s shareholders.
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If you own common stock in the Bank of Kentucky and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/BKYF or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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