INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Suffolk Bancorp And Encourages Shareholders
To Contact The Firm For Additional Information
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by the Board of Directors of Suffolk Bancorp (NYSE: SCNB)
(“Suffolk” or the “Company”) relating to the proposed buyout of Suffolk by People’s United Financial, Inc.
Under the terms of the agreement, Suffolk shareholders are anticipated to receive 2.225 shares of People’s United common stock
for each share of Suffolk common stock held. Based on People’s United’s closing stock price on June 24, 2016, Suffolk shareholders
would have received compensation valued at approximately $33.55 per share. The firm’s investigation seeks to determine, among other
things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board
adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares
of common stock.
If you currently own common stock of Suffolk and believe that the proposed buyout price is too low, or you would like to learn
more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting
Brower Piven either by email at hoffman@browerpiven.com or by telephone
at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com
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