Rigrodsky & Long, P.A. Continues Investigation North Central Bancshares, Inc. In Connection With Expiration Of “Go Shop” ...
18 April 2012 - 2:53AM
Business Wire
Rigrodsky & Long, P.A. announces that it is continuing its
investigation of potential claims against the board of directors of
North Central Bancshares, Inc. (“North Central Bancshares” or “the
Company”) (Nasdaq: FFFD) concerning possible breaches of fiduciary
duty and other violations of law related to the Company’s entry
into an agreement to be acquired by Great Western Bancorporation,
Inc. (“Great Western Bancorporation”) in a deal that is worth
approximately $41 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/north-central-bancshares-inc-fffd.
On Friday April 13, 2012, the Company issued a press release
announcing the expiration of the “go shop” period pursuant to the
merger agreement entered into on March 12, 2012 by North Central
Bancshares and Great Western Bancorporation. During the “go-shop”
period, North Central Bancshares and its representatives had the
right to pursue alternative acquisition proposals from third
parties until April 12, 2012, at 11:59 p.m. Central Time. The
Company further announced that no alternative acquisition proposals
were received prior to the expiration of the “go shop” period.
Under the terms of the merger agreement, North Central
Bancshares shareholders will receive $30.58 for every share of
North Central Bancshares common stock they own. The investigation
concerns whether North Central Bancshares’ board of directors
failed to adequately shop the Company and to get the best price
possible for North Central Bancshares’ shareholders.
If you own the common stock of North Central Bancshares and
purchased your shares before March 13, 2012, 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 contact Scott J. Farrell, Esquire or Peter Allocco
of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300,
Garden City, New York 11530 toll free at (888) 969-4242, by e-mail
to info@rigrodskylong.com, or at
http://www.rigrodskylong.com/investigations/north-central-bancshares-inc-fffd.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly litigates securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, including claims for breach of
fiduciary duty and proxy violations in the Delaware Court of
Chancery and in state and federal courts throughout the United
States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
North Central Bancshares, Inc. (MM) (NASDAQ:FFFD)
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