The Shareholders Foundation announces that an investigation on behalf of investors, who currently hold shares of Naugatuck Valley Financial Corp (NASDAQ:NVSL), was launched concerning whether the takeover of Naugatuck Valley Financial Corp by Liberty Bank at $11 per share is unfair to NASDAQ:NVSL stockholders.
Investors who purchased shares of Naugatuck Valley Financial Corp (NASDAQ:NVSL) and currently hold any of those NASDAQ:NVSL shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Naugatuck Valley Financial Corp breached their fiduciary duties owed to NASDAQ:NVSL investors in connection with the proposed acquisition.
On June 3, 2015 – Liberty Bank, headquartered in Middletown, Connecticut, and Naugatuck Valley Financial Corp (NASDAQ:NVSL)), jointly announced that they have entered into an agreement for the merger of Naugatuck Valley Financial Corporation and its subsidiary, Naugatuck Valley Savings and Loan, with and into Liberty Bank. Under terms of the agreement, upon completion of the merger, each shareholder of Naugatuck Valley Financial Corp (NASDAQ:NVSL) will receive $11.00 per share in cash, giving the transaction a value of approximately $78 million.
However, the investigation concerns whether the offer is unfair to NASDAQ:NVSL stockholders. More specifically, the investigation concerns whether the Naugatuck Valley Financial Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
Those who are current investors in Naugatuck Valley Financial Corp (NASDAQ:NVSL) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com