Rigrodsky & Long, P.A. Announces Investigation Of PVF Capital Corp. Buyout

Rigrodsky & Long, P.A.:
  • Do you own shares of PVF Capital Corp. (NASDAQ CM: PVFC )?
  • Did you purchase any of your shares prior to February 19, 2013?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of PVF Capital Corp. (“PVF” or the “Company”) (NASDAQ CM: PVFC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by F.N.B. Corporation (“FNB”) (NYSE: FNB) in a transaction valued at approximately $100.3 million, based on FNB’s closing price on February 25, 2013.

Click here to learn more: http://www.rigrodskylong.com/investigations/pvf-capital-corp-pvfc.

Under the terms of the proposal, public shareholders of PVF will receive 0.3405 shares of FNB common stock for each share of PVF they own. Based on FNB’s closing stock price of $11.36 on February 25, 2013, PVF shareholders would have received consideration valued at approximately $3.87 per share.

The investigation concerns whether PVF’s board of directors failed to adequately shop the Company and obtain the best possible value for PVF’s shareholders before entering into an agreement with FNB. According to Yahoo! Finance, at least one analyst has set a price target for PVF stock at $15.77.

If you own the common stock of PVF and purchased your shares before February 19, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/pvf-capital-corp-pvfc.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

Copyright Business Wire 2010

If you liked this article you might like

10 Buy-Rated Bank Stocks With Highest Dividend Yields

10 Buy-Rated Bank Stocks With Highest Dividend Yields

Wednesday's Financial Winners & Losers

Wednesday's Financial Winners & Losers