STELLARONE CORPORATION SHAREHOLDER ALERT: Levi & Korsinsky Announces Investigation into Possible Breaches of Fiduciary Duty by Board of StellarOne Corporation in Connection with the Sale of the Company
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of StellarOne Corporation ("StellarOne" or the "Company") (NasdaqGS: STEL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Union First Market Bankshares Corp. ("Union") (NasdaqGS: UBSH).
Click here to learn more about the investigation http://zlk.9nl.com/stellarone-stel/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, StellarOne shareholders will receive 0.9739 shares of Union common stock for each share of StellarOne common stock they own, representing an approximate value of $19.50 per share based on Union's closing stock price of $20.02 on June 7, 2013. The transaction has a total approximate value of $445.1 million. The investigation concerns whether the StellarOne of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether Union is underpaying for StellarOne, thus unlawfully harming StellarOne shareholders.
If you own common stock in StellarOne and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/stellarone-stel/.
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.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
(212) 363-7500, toll-free: (877) 363-5972
KEYWORDS: United States North America New York
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