FXNC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of First National Corporation Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of First National Corporation (NASDAQ: FXNC) and Touchstone Bankshares, Inc. is fair to First National shareholders. Under the terms of the proposed transaction, Touchstone shareholders would receive 0.8122 shares of First National stock for each share of Touchstone stock.

Halper Sadeh encourages First National shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at [phone] or [e-mail] or [e-mail].

The investigation concerns whether First National and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for First National shareholders; and (2) disclose all material information necessary for First National shareholders to adequately assess and value the merger consideration.

On behalf of First National shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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