The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Suffolk Bancorp (NYSE: SCNB) (“Suffolk” or the “Company”) relating to the proposed buyout of Suffolk by People’s United Financial, Inc.

Under the terms of the agreement, Suffolk shareholders are anticipated to receive 2.225 shares of People’s United common stock for each share of Suffolk common stock held. Based on People’s United’s closing stock price on June 24, 2016, Suffolk shareholders would have received compensation valued at approximately $33.55 per share. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.

If you currently own common stock of Suffolk and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

Brower Piven, A Professional CorporationCharles J. Piven, 410-415-66161925 Old Valley RoadStevenson, Maryland 21153hoffman@browerpiven.com

Suffolk Bancorp (NYSE:SCNB)
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Suffolk Bancorp (NYSE:SCNB)
Graphique Historique de l'Action
De Jan 2024 à Jan 2025 Plus de graphiques de la Bourse Suffolk Bancorp