TMCnet News
SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Yadkin Financial Corporation And Encourages Investors To Contact The Firm For Additional InformationThe 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 Yadkin Financial Corporation (NYSE: YDKN) ("Yadkin Financial" or the "Company") relating to the proposed buyout of Yadkin Financial by F.N.B. Corporation ("FNB"). 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. Under the terms of the agreement, Yadkin Financial shareholders are anticipated to receive 2.16 shares of FNB common stock for each share of Yadin Financial common stock held, representing an approximate value of $27.35 per share. The transaction may undervalue the Company and would result in no real gain or a loss for many shareholders of Yadkin Financial, especially given that the Company's 52-week high is $28.23. If you currently own common stock of Yadkin Financial 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 [email protected] 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160726006557/en/ |
