Shareholder Alert: Ademi LLP investigates whether UB Bancorp has obtained a Fair Price in its transaction with F.N.B. Corporation
MILWAUKEE, June 1, 2022 /PRNewswire/ -- Ademi LLP is investigating UB Bancorp (OTCQX: UBNC) for possible breaches of fiduciary duty and other violations of law in its transaction with F.N.B. Corporation.
Click here to learn how to join the action: https://www.ademilaw.com/case/ub-bancorp or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges UB Bancorp's financial outlook and prospects are excellent and yet UB Bancorp holders will receive only 1.61 shares of FNB common stock for each share of UB Bancorp common stock they own, or $19.56 per share based upon the closing stock price of FNB as of Tuesday, May 31, 2022. The transaction agreement unreasonably limits competing bids for UB Bancorp by imposing a significant penalty if UB Bancorp accepts a superior bid. UB Bancorp insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of UB Bancorp'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 UB Bancorp.
If you own UB Bancorp common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/ub-bancorp.
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 LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi LLP
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