The Law Offices of Vincent Wong Announce Investigation of Parkvale Financial Corporation
27 Junio 2011 - 2:41PM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of Parkvale Financial Corporation (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 proposed deal,
Parkvale shareholders will receive 2.178 shares of F.N.B.
Corporation stock for each share of Parkvale stock they own. The
transaction implies a per share value of approximately $22.48 and a
total transaction value of $130 million.
Click here to get more information:
http://www.wongesq.com/parkvale-financial-corp.html
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. According to Thomson/First Call, 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 Vincent Wong, Esq. either
via email vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/parkvale-financial-corp.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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