MILWAUKEE, Dec. 12, 2017 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating the Board of Directors of FNB
Bancorp (Nasdaq: FNBG) for possible breaches of fiduciary duty and
other violations of California law
in connection with the sale of FNB to TriCo.
Click here to learn how to join the action:
http://ademilaw.com/case/fnb or call Guri
Ademi toll-free at 866-264-3995. There is no cost or
obligation to you.
Ademi & O'Reilly, LLP alleges FNB's long-term financial
outlook is improving and yet FNB shareholders will receive
$157 for each FNB share. TriCo
is well aware of FNB's improving financial metrics and is
purchasing FNB at a substantial discount. The merger agreement
unreasonably limits competing bids for FNB by (i) prohibiting
solicitation of any further bids, and (ii) imposing a termination
penalty should FNB receive and accept a superior bid. FNB insiders,
their affiliates and other major shareholders own significant
voting stock, and will receive millions of dollars as part of
change of control arrangements, and therefore can unduly influence
a sale of FNB. Our investigation centers on the conduct of FNB's
Board of Directors, who have unanimously approved the transaction,
and whether they are (i) fulfilling their fiduciary duties to all
shareholders, and (ii) obtaining a fair and reasonable price for
FNB given its current financial condition and prospects.
If you own common stock in FNB and wish to obtain additional
information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/fnb.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP