SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the ...
10 Octobre 2012 - 5:03PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors
Alliance Financial Corporation (“Alliance” or the “Company”)
(Nasdaq: ALNC) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to NBT Bancorp Inc. (NasdaqGS: NBTB) (“NBT”).
Click here to learn more about the investigation:
http://zlk.9nl.com/alliance-financial-alnc, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Alliance shareholders will
receive 2.1779 shares of NBT common stock for each Alliance share
they own, representing a value of approximately $48.00 per share.
The investigation concerns whether the Alliance Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before entering into this transaction
and whether NBT is underpaying for Alliance shares, thus unlawfully
harming Alliance stockholders. In particular, at least one analyst
set a price target for Alliance stock at $50.00 per share.
If you own common stock in Alliance and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/alliance-financial-alnc.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. The attorneys at Levi & Korsinsky have been appointed
by numerous courts throughout the country to serve as lead counsel
on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
Alliance Financial Corp. (MM) (NASDAQ:ALNC)
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