SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation into the Fairness of the Sale of Access National Corporation - ANCX
BALA CYNWYD, PA / ACCESSWIRE / October 22, 2018 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors Access National Corporation ("Access National" or "the Company") (NASDAQ - ANCX) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Union Bankshares Corporation. ("Union").
Click here to learn more http://www.brodskysmith.com/cases/access-national-corporation-nasdaq-ancx/, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Access National shareholders will receive only 0.75 of a share of Union stock for each share of Access National stock they own. The transaction values Access National at only approximately $26.34 per share. The investigation concerns whether the Board of Access National breached their fiduciary duties to shareholders and whether Union is underpaying for the Company. The transaction may undervalue the Company and may not be in the Access National shareholders best interests. For example, shares of Access National have traded at $30.02 per share and an analyst has placed a $34.00 per share price target on the stock. As a result, the transaction may result in a substantial loss for many long-term holders of Access National stock.
If you own shares of Access National stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/access-national-corporation-nasdaq-ancx/, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC
