WAYNE, Pa., March 7, 2013 /PRNewswire/ -- Ryan &
Maniskas, LLP (www.rmclasslaw.com/cases/nfsb) is investigating
potential claims against the board of directors of Newport Bancorp
Inc. ("Newport Bancorp" or the "Company") (NASDAQ: NFSB) concerning
possible breaches of fiduciary duty and other violations of law
related to the Company's efforts to sell the Company to SI
Financial Group, Inc. ("SI Financial").
(Logo: http://photos.prnewswire.com/prnh/20121112/MM11729LOGO
)
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by the Company's board of directors; in particular,
whether the Company undertook a fair process to obtain fair
consideration for all shareholders of Newport Bancorp. 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/nfsb.
Under the terms of the transaction, Newport Bancorp shareholders
will receive only $17.55 per share in
cash or 1.5129 shares of SI Financial for each share of Newport
Bancorp stock they own.
If you own shares of Newport Bancorp 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/nfsb. 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 & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
CONTACT:
Ryan & Maniskas, LLP
Richard
A. Maniskas, Esquire
995 Old Eagle School Rd.,
Suite 311
Wayne, PA
19087
877-316-3218
www.rmclasslaw.com/cases/nfsb
rmaniskas@rmclasslaw.com
SOURCE Ryan & Maniskas, LLP