EQUITY ALERT: Rosen Law Firm Announces Investigation of Yadkin Financial Corp. Concerning its Proposed Sale to F.N.B. Corp. -...
29 July 2016 - 10:55AM
Business Wire
Rosen Law Firm, a global investor rights law firm, announces
that it is investigating the Board of Directors of Yadkin Financial
Corporation (NYSE:YDKN) for possible breaches of fiduciary duty and
other violations of law by failing to adequately shop Yadkin
Financial Corporation to maximize shareholder value before agreeing
to be acquired by F.N.B. Corporation (NYSE: FNB).
If you would like to join the action, go to the firm’s website
at http://rosenlegal.com/cases-926.html or contact Phillip Kim or
Kevin Chan toll-free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive 2.16 shares of FNB common stock for each share of Yadkin
Financial Corporation common stock they own. The proposed
transaction is valued at approximately $1.4 billion. The
investigation relates to whether the proposal is fair to the public
shareholders of Yadkin Financial Corporation and whether Yadkin
Financial Corporation’s Board breached its fiduciary duties in
connection with the proposed sale.
If you currently own shares of Yadkin Financial Corporation and
wish to obtain additional information, please visit the firm’s
website at http://rosenlegal.com/cases-926.html. You may also
contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at
866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160728006751/en/
The Rosen Law Firm, P.A.Phillip Kim, Esq.Kevin Chan,
Esq.Laurence Rosen, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 1-866-767-3653Fax:
212-202-3827pkim@rosenlegal.comkchan@rosenlegal.comlrosen@rosenlegal.comwww.rosenlegal.com
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