Ryan & Maniskas, LLP Announces Investigation of Smithtown Bancorp Inc.
2010年7月17日 - 10:15AM
ビジネスワイヤ(英語)
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/smtb) is
investigating potential claims against the board of directors of
Smithtown Bancorp Inc. ("Smithtown" or the "Company") (NASDAQ:
SMTB) concerning possible breaches of fiduciary duty and other
violations of law related to the Company’s entry into an agreement
to be acquired by People's United Financial, Inc. in a transaction
valued at approximately $60 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to approval of the transaction
by Company’s board of directors; in particular, whether the Company
undertook a fair process to obtain fair consideration for all
shareholders of Smithtown. For more information regarding our
investigation, please contact Ryan & Maniskas, LLP (Richard A.
Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/smtb.
Under the proposed agreement, Smithtown shareholders will
receive $4.00 in cash for each share of Smithtown common stock they
own.
If you own shares of Smithtown and would like to learn more
about these claims or if you wish to discuss these matters and have
any questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign
up online, visit: www.rmclasslaw.com/cases/smtb. You may also email
Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan and Maniskas, LLP is devoted to protecting the interests
of individual and institutional investors in shareholder actions in
state and federal courts nationwide.
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