SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of VSB Bancorp, Inc. to Northfield Bancorp, Inc. is Fair to Shareholders
NEW YORK, NY / ACCESSWIRE / January 3, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased VSB Bancorp, Inc. ("VSB" or the "Company") (VSBN) stock prior to December 23, 2019.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of VSB to Northfield Bancorp, Inc. ("Northfield") (NFBK). Under the terms of the agreement, each share of VSB common stock will be exchanged for between 1.8514 and 2.0463 shares of Northfield common stock, depending on Northfield's ten-day average stock price prior to the closing of the merger. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/vsb-bancorp-inc
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
The VSB merger investigation concerns whether the Board of VSB breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether Northfield is underpaying for VSB shares, thus unlawfully harming VSB shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky, LLP
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