Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of 1st United
Bancorp, Inc. (“1st United” or the “Company”) (Nasdaq: FUBC)
relating to the proposed acquisition by Valley National Bancorp (“Valley
National”).
Click here to learn more about the investigation http://brodsky-smith.com/757-fubc-1st-united-bancorp-inc.html,
or call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, 1st United shareholders
will receive only 0.89 shares of Valley National stock for each share of
1st United stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state law by
the Board of Directors of 1st United for not acting in the
Company’s shareholders' best interests in connection with the sale
process. The transaction may undervalue 1st United and may be
below the premium paid in comparable transactions. The exchange ratio
represents no significant premium for 1st United shareholders
as 1st United stock traded at $8.16 per share as recently as
March 21, 2014 and traded at $8.15 per share on August 6, 2013.
If you own shares of 1st United common stock and wish to
discuss the legal ramifications of the investigation, 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,
by visiting http://brodsky-smith.com/757-fubc-1st-united-bancorp-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and case
action lawsuits. The attorneys at Brodsky & Smith have been appointed by
numerous courts throughout the country to serve as lead counsel in class
actions and successfully recovered millions of dollars for our clients
and shareholders. Attorney advertising. Prior results do not guarantee a
similar outcome.
Copyright Business Wire 2014