WILMINGTON, Del.--(BUSINESS WIRE)--
Rigrodsky & Long, P.A.:
- Do you own shares of United Financial Bancorp, Inc. (NASDAQ GM: UBNK)?
- Did you purchase any of your shares prior to November 15, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of United Financial Bancorp, Inc. (“United Financial” or the “Company”) (NASDAQ GM: UBNK) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Rockville Financial, Inc. (“Rockville Financial”) (NASDAQ GS: RCKB) in a transaction valued at approximately $369 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/united-financial-bancorp-inc-ubnk.
Under the terms of the agreement, public shareholders of United Financial will receive 1.3472 shares of Rockville Financial common stock for each share of United Financial they own. Based on Rockville Financial’s closing stock price on November 14, 2013, United Financial shareholders would have received consideration valued at approximately $18.35 per share.
The investigation concerns whether United Financial’s board of directors failed to adequately shop the Company and obtain the best possible value for United Financial’s shareholders before entering into an agreement with Rockville Financial. According to Yahoo! Finance, at least one analyst has issued a price target for United Financial stock at $21.50 per share.
If you own the common stock of United Financial and purchased your shares before November 15, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/united-financial-bancorp-inc-ubnk.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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