NEW YORK (TheStreet) -- Shares of Susquehanna Bancshares Inc (SUSQ) are declining 0.3% to $13.08 in midday trading Thursday, after law firm Brodsky & Smith announced that it is investigating potential claims against the Lititz, PA-based bank relating to the proposed acquisition by BB&T Corp. (BBT) .
The investigation concerns the possible breaches of fiduciary duty and other alleged violations of state law by the Susquehanna board of directors for not acting in the company's best interests through the sale process.
Yesterday, North Carolina-based financial holding company BB&T agreed to purchase Susquehanna Bancshares for $2.5 billion in cash and stock to expand its presence in the mid-Atlantic region.
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Separately, TheStreet Ratings team rates SUSQUEHANNA BANCSHARES INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate SUSQUEHANNA BANCSHARES INC (SUSQ) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."