BALA CYNWYD, Pa.,
May 9, 2014 /PRNewswire/ -- Law
office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
1st United Bancorp, Inc. ("1st United" or the
"Company") (Nasdaq –FUBC) relating to the proposed acquisition by
Valley National Bancorp ("Valley National").
Click here to learn more about the investigation
http://brodsky-smith.com/757-fubc-1st-united-bancorp-inc.html, or
call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, 1st United
shareholders will receive only 0.89 shares of Valley National stock
for each share of 1st United stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of
1st United for not acting in the Company's shareholders'
best interests in connection with the sale process. The transaction
may undervalue 1st United and may be below the premium
paid in comparable transactions. The exchange ratio
represents no significant premium for 1st United
shareholders as 1st United stock traded at $8.16 per share as recently as March 21, 2014 and traded at $8.15 per share on August
6, 2013.
If you own shares of 1st United common stock and wish
to discuss the legal ramifications of the investigation, or have
any questions, you may e-mail or call the law office of Brodsky
& Smith, LLC who will, without obligation or cost to you,
attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/757-fubc-1st-united-bancorp-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Brodsky & Smith, LLC