SHAREHOLDER ALERT: Levi & Korsinsky, LLP Launches Investigation into Possible Breaches of Fiduciary Duty by the Board of PVF Capital Corp. in Connection with Sale of Company to F.N.B. Corporation
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of PVF Capital Corp. ("PVFC" or the "Company") (NAS: PVFC) 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 (NYS: FNB) .
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Under the terms of the transaction, PVFC shareholders will receive 0.3405 shares of F.N.B. common stock for each share of PVFC they own, representing a value of approximately $3.98 per share, or $106.4 million in the aggregate. The investigation concerns whether the PVFC Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether F.N.B. is underpaying for PVFC shares, thus unlawfully harming PVFC stockholders. In particular, at least one analyst set a price target for PVFC stock at $15.77 per share.
If you own common stock in PVFC and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/pvf-capital-pvfc/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. 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 securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
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The article SHAREHOLDER ALERT: Levi & Korsinsky, LLP Launches Investigation into Possible Breaches of Fiduciary Duty by the Board of PVF Capital Corp. in Connection with Sale of Company to F.N.B. Corporation originally appeared on Fool.com.