Parkvale Financial Corporation Merger Litigation (Nasdaq: PVSA)
Law Office of Brodsky & Smith, LLC Announces Investigation of Parkvale Financial Corporation
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Parkvale Financial Corporation (“Parkvale” or the “Company”) (Nasdaq - PVSA- News) relating to the proposed acquisition by F.N.B. Corporation (“FNB”).
Under the terms of the transaction Parkvale shareholders would receive 2.178 shares of FNB common stock for each share of Parkvale stock they own. The transaction values Parkvale at approximately $22.48 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Parkvale by not acting in the Parkvale shareholders' best interests in connection with the sale process to FNB. The transaction may undervalue Parkvale as an analyst has set a price target of $27.00 for Parkvale stock
If you own shares of Parkvale stock and wish to discuss the legal ramifications of the proposed transaction, 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 firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.
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