STEVENSON, Md.--(BUSINESS WIRE)--
The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of BCSB Bancorp, Inc. (“BCSB” or the “Company”) (BCSB) and other violations of state law by the board of directors of BCSB relating to the proposed acquisition of the Company by F.N.B. Corporation (“FNB”). The firm’s investigation seeks to determine, among other things, whether the board of directors of BCSB breached their fiduciary duties by failing to maximize shareholder value.
According to the press release announcing the proposed transaction, BCSB shareholders will receive 2.08 shares of FNB common stock for each common share of BCSB. According to the press release, the proposed transaction is valued at approximately $23.77 per share, or $79 million in the aggregate using the closing stock price of FNB as of June 13, 2013.
If you currently own common stock of BCSB and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at firstname.lastname@example.org, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Brower Piven is the only firm headquartered in Maryland with a practice dedicated primarily to shareholder class action litigation. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.
- Company Legal & Law Matters
Charles J. Piven, 410-415-6616