PVF Capital (PVFC) Merger Shareholder Lawsuit
PVF Capital (PVFC) merger lawsuit summary
On February 19, 2013, PVF Capital Corp. (PVFC) announced that it has agreed to sell itself to F.N.B. Corporation (NYSE: FNB). Under the terms of the announced transaction, PVFC shareholders will receive 0.3405 shares of F.N.B. common stock for each share of PVFC stock they own, This represents a rough value of approximately $3.98 per each PVFC share or $106.4 million in the entire company. PVF Capital operates as the bank holding company for Park View Federal Savings Bank that provides various banking products and services in Ohio.
The PVF Capital proposed deal terms raise questions for PVFC shareholders
Is $3,98 fair value for PVFC shareholders?
Have PVF Capital board members complied with all duties owed to PVFC shareholders?
Has the PVF Capital board of directors properly shopped the company to all possible suitors?
PVF Capital (PVFC) merger shareholder investigation
We are investigating whether the proposed transaction is fair to PVF Capital shareholders. The investigation concerns whether the PVF Capital’s board of directors’ process for consideration of the proposed transaction was adequate, whether PVF Capital is acting in its shareholders’ best interests and whether the proposed share price to be paid to PVFC shareholders is fair and adequate. If you own the common stock of PVZ Capital and if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please fill out the contact form on this web page or call Attorney George Pressly at Morgan & Morgan toll free at 1 (800) 631-6234.
PVF Capital Corp.
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