The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Fideli...
21 7월 2012 - 9:04AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Fidelity Bancorp, Inc. (“Fidelity” or the “Company”) (Nasdaq: FSBI)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to WesBanco,
Inc. (Nasdaq: WSBC).
Click here to learn how to join the action:
http://zlk.9nl.com/fidelity-bancorp-fsbi, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Fidelity shareholders will
receive 0.8275 shares of WesBanco common stock and $4.50 for each
share of Fidelity common stock they own. Based on the closing price
of WesBanco shares on July 19, 2012, this deal represents a value
of approximately $22.85 per Fidelity share and a total value of
$70.8 million. The investigation concerns whether the Fidelity
Board of Directors breached their fiduciary duties to Fidelity
stockholders by failing to adequately shop the Company before
entering into this transaction and whether WesBanco is underpaying
for Fidelity shares, thus unlawfully harming Fidelity
stockholders.
If you own common stock in Fidelity and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or
http://zlk.9nl.com/fidelity-bancorp-fsbi.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. The attorneys at Levi & Korsinsky have been appointed
by numerous courts throughout the country to serve as lead counsel
on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
Fidelity Bancorp (NASDAQ:FSBI)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Fidelity Bancorp (NASDAQ:FSBI)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024
Fidelity Bancorp, Inc. (MM) (나스닥)의 실시간 뉴스: 최근 기사 0
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