Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether FNB Bancorp has obtained a Fair Price in its Sale to TriCo Bancshares

MILWAUKEE, Dec. 12, 2017 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating the Board of Directors of FNB Bancorp (Nasdaq: FNBG) for possible breaches of fiduciary duty and other violations of California law in connection with the sale of FNB to TriCo.

Click here to learn how to join the action: http://ademilaw.com/case/fnb or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

Ademi & O'Reilly, LLP alleges FNB's long-term financial outlook is improving and yet FNB shareholders will receive $157 for each FNB share.  TriCo is well aware of FNB's improving financial metrics and is purchasing FNB at a substantial discount. The merger agreement unreasonably limits competing bids for FNB by (i) prohibiting solicitation of any further bids, and (ii) imposing a termination penalty should FNB receive and accept a superior bid. FNB insiders, their affiliates and other major shareholders own significant voting stock, and will receive millions of dollars as part of change of control arrangements, and therefore can unduly influence a sale of FNB. Our investigation centers on the conduct of FNB's Board of Directors, who have unanimously approved the transaction, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for FNB given its current financial condition and prospects.

If you own common stock in FNB and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or http://ademilaw.com/case/fnb.

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

SOURCE Ademi & O'Reilly, LLP

Related Links

http://www.ademilaw.com