NEW YORK, May 9, 2014 /PRNewswire/ -- Harwood Feffer LLP ( www.hfesq.com) is investigating potential claims against the board of directors of 1st United Bancorp, Inc. ("1st United" or the "Company") (NASDAQ: FUBC) concerning the proposed acquisition of the Company by Valley National Bancorp ("Valley National").
Under the terms of the transaction, Valley National will acquire 1st United for approximately $312 million. 1st United shareholders will receive 0.89 of a share of Valley National common stock for each 1st United share they own, subject to adjustment in the event Valley National's average stock price falls below $8.09 or rises above $12.13 prior to closing.
Our investigation concerns whether the 1st United board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own 1st United shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:Benjamin I. Sachs-Michaels, Esq. Robert I. Harwood, Esq.Harwood Feffer LLP488 Madison Avenue New York, New York 10022Phone Numbers: (877) 935-7400(212)935-7400Email: email@example.com Website: http://www.hfesq.com Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website ( http://www.hfesq.com) for more information about the firm. Attorney Advertising © 2014 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ( www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. Logo - http://photos.prnewswire.com/prnh/20120215/MM54604LOGO