MILWAUKEE, Sept. 9, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating United Community (Nasdaq:
UCFC) for possible breaches of fiduciary duty and other
violations of the law in connection with the sale of United
Community to First Defiance.
Click here to learn how to join the action:
http://ademilaw.com/case/united-community-financial-corp or
call Guri Ademi toll-free at
866-264-3995. There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges United Community's financial
outlook is improving and yet shareholders will receive only 0.3715
shares of First Defiance common stock for each share of United
Community common stock or the equivalent of only $9.78 per share. First Defiance is
acquiring United Community at a substantial discount. The
merger agreement unreasonably limits competing bids for United
Community by prohibiting solicitation of further bids, and imposing
a termination penalty if United Community accepts a superior bid.
United Community insiders will receive millions of dollars as part
of change of control arrangements. We are investigating on the
conduct of United Community's board of directors, and whether they
are (i) fulfilling their fiduciary duties to all shareholders, and
(ii) obtaining a fair and reasonable price for United
Community.
If you own common stock in United Community and wish to obtain
additional information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or
http://ademilaw.com/case/united-community-financial-corp.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP