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| [March 01, 2013] |
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Law Office of Brodsky & Smith, LLC Announces Investigation of PVF Capital Corp.
BALA CYNWYD, Pa. --(Business Wire)--
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of PVF Capital Corp.
("PVF Capital" or the "Company") (Nasdaq: PVFC) relating to the proposed
acquisition by F.N.B. Corporation ("FNB").
Under the terms of the transaction, PVF Capital shareholders will
receive only 0.3405 of a FNB share of stock for each share of PVF
Capital stock they own. The investigation concerns possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of PVF Capital for not acting in the Company's shareholders'
best interests in connection with the sale process to FNB. The focus of
the investigation is whether the PVF Capital Board of Directos breached
their fiduciary duties by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction. The transaction
may undervalue PVF Capital as FNB would receive PVF Capital's total
deposits worth approximately $634 million and $600 million of gross
loans. In addition, the deal would be immediately accretive to FNB's
earnings (excluding one-time transaction costs of approximately $14.3
million) and tangible book value per share.
If you own shares of PVF Capital stock and wish to discuss the legal
ramifications of the proposed transaction, 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
visiting http://brodsky-smith.com/546-pvfc-pvf-capital-corp.html,
by calling toll free 877-LEGAL-90.

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