The securities litigation firm of Tripp Levy PLLC, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of United Financial Bancorp, Inc., a Maryland corporation (“UFB” or the “Company”) (UBNK) and other violations of state law by the board of directors of UFB relating to the proposed buyout of the Company by Rockville Financial, Inc. The firm’s investigation seeks to determine, among other things, whether the board of directors of UFB breached their fiduciary duties by failing to maximize shareholder value.
According to the press release announcing the proposed buyout, UFB shareholders will receive 1.3472 shares of Rockville Financial, Inc. common stock for each share of UFB common stock they own.
If you currently own common stock of UFB and would like to learn more about the investigation being conducted by Brower Piven, you may email or call us, who will, without obligation or cost to you, attempt to answer your questions. You may contact us at 1-877-772-3975 or email at contact @ tripplevy
Good question. The continues to move higher but there is not a lot of information out there. I tend to agree that the company is doing extremely well and maybe an outright sale would have served shareholders better. United is the best regional bank in the area.