This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Wolf Haldenstein Investigates Financial Federal Corp. Proposed Acquisition 2009-11-24 11:06 ET - News Release NEW YORK -- (Business Wire)
Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman &
Herz LLP is investigating possible breaches of fiduciary duty by the
Board of Directors of Financial Federal Corp. (“Federal Financial” or
the “Company”) (NYSE:FIF) arising out of the proposed acquisition of
Federal Financial by People’s United Financial, Inc. (“People’s United”).
On Monday, November 23, 2009, People’s United announced that Federal
Financial would be acquired by People’s United in a stock and cash
acquisition valued at approximately $738 million. Under the terms of the
agreement, Federal Financial stockholders will receive cash of $11.27
and one share of People’s United common stock in exchange for each share
of Federal Financial common stock. Pursuant to this proposed
acquisition, People’s United may be underpaying for Federal Financial,
thus unlawfully harming Federal Financial shareholders.
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