The Law Firm of Levi & Korsinsky, LLP Investigates Parkvale Financial Corporation
20 Junio 2011 - 2:30PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Parkvale Financial Corporation (“Parkvale”) (NASDAQ: PVSA) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to F.N.B.
Corporation (NYSE: FNB). Under the terms of the transaction,
Parkvale shareholders will receive 2.178 shares of F.N.B.
Corporation stock for each share of Parkvale stock they own, for an
approximate value of $22.48 per share. The transaction has a total
approximate value of $130 million.
Click here to learn how to join the action:
http://www.zlk.com/parkvale-financial-PVSA.html, or call:
877-363-5972.
The investigation concerns whether the Parkvale Board of
Directors breached their fiduciary duties to Parkvale stockholders
by failing to adequately shop the Company before entering into this
transaction and whether F.N.B. Corporation is underpaying for
Parkvale shares, thus unlawfully harming Parkvale stockholders. In
particular, at least one analyst set a target price for Parkvale
stock at $27.00 per share.
If you own common stock in Parkvale and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://www.zlk.com/parkvale-financial-PVSA.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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