2009-11-24 02:05:04 -
Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of Financial Federal Corporation (“Financial Federal” or the “Company”) (NYSE: FIF) for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by the Company’s Board of Directors to sell all of the Company’s outstanding shares of common stock to People’s United Financial, Inc. (“People’s United”) (Nasdaq: PBCT) in a stock and cash transaction valued at approximately $738 million, or $27.74 per Financial Federal share.
If you own common stock of Financial Federal and wish to obtain additional information about this matter, please contact Stull, Stull & Brody at the toll-free number listed below. Stull, Stull
& Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duties on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions.
The current investigation concerns the price to be paid by People’s United to Financial Federal shareholders and the process by which Financial Federal’s Board of Directors is addressing the transaction.
Under the terms of the proposed transaction, Financial Federal’s shareholders will receive $11.27 in cash and one share of People’s United common stock, for total per share consideration of approximately $27.74 per Financial Federal share, based on the closing price of People’s United common stock on November 20, 2009. The focus of the current investigation is on whether the Financial Federal Board of Directors breached its fiduciary duties to the Company’s shareholders by agreeing to sell the Company at an unfair price.
If you wish to discuss this matter or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Tzivia Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to
financialfederal@ssbny.com : mailto:financialfederal@ssbny.com or by writing to Stull, Stull & Brody, 6 East 45 th Street, New York, NY 10017.
Attorney advertising. Prior results do not guarantee a similar outcome.
Stull, Stull & BrodyTzivia Brody, Esq.1-800-337-4983 or
212-687-7230
financialfederal@ssbny.com : mailto:financialfederal@ssbny.com