STEVENSON, Md.--(BUSINESS WIRE)--
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of TF Financial Corporation (“TF Financial” or the “Company”) (THRD) and other violations of state law by the board of directors of TF Financial relating to the proposed buyout of the Company by National Penn Bancshares (“National Penn”).
Under the terms of the transaction, TF Financial shareholders can elect to receive $42.00 in cash or 4.22 shares of National Penn for each share of THRD common stock owned. The firm’s investigation seeks to determine, among other things, whether the Company’s board of directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into this transaction, and whether National Penn is underpaying for TF Financial shares.
If you currently own common stock of TF Financial and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at firstname.lastname@example.org or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
- Company Legal & Law Matters
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153