SHAREHOLDER ALERT: Brower Piven Announces the Investigation of FedFirst Financial Corp. over the Proposed Sale of the Company...
16 Abril 2014 - 3:04PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty to current shareholders of
FedFirst Financial Corp. (“FedFirst” or the “Company”) (Nasdaq:
FFCO) and other violations of state law by the board of directors
of FedFirst relating to the proposed buyout of the Company by CB
Financial Services, Inc. (“CB”).
Under the terms of the transaction announced, FedFirst
shareholders will receive $23.00 in cash or shares of CB common
stock based on a fixed exchange ratio of only 1.1590 shares of CB
stock for each share of FedFirst stock they own. The announced
transaction subjects FedFirst shareholders to proration to ensure
at closing that 65% of the outstanding shares of FedFirst common
stock are exchanged for shares of CB common stock and the remaining
35% are exchanged for cash.
The firm’s investigation seeks to determine, among other things,
whether the Company’s board of directors breached their fiduciary
duties by failing to maximize shareholder value before agreeing to
enter into and recommend this transaction, and whether CB is
underpaying for FedFirst shares.
If you currently own common stock of FedFirst and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, click here:
http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven
either by email at hoffman@browerpiven.com or by telephone at (410)
415-6616. Attorneys at Brower Piven together have more than a
century of experience litigating securities and other class action
cases.
Brower Piven, A Professional Corporation1925 Old Valley
RoadStevenson, Maryland 21153Charles J. Piven,
410-415-6616hoffman@browerpiven.com
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