NEW YORK, June 7, 2019 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of DNB Financial Corp
("DNBF" or the "Company") (NASDAQ: DNBF) in connection with the
proposed acquisition of the Company by S&T Bancorp, Inc.
("S&T"). Under the terms of the agreement, DNBF shareholders
will receive 1.22 shares of S&T shares for each DNBF share they
own.
If you are a shareholder of DNBF who wishes to
discuss the investigation or have any questions about this notice
and your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888)593-4771
stockinfo@weisslawllp.com
Or visit our website
http://www.weisslawllp.com/dnb-financial-corp/
Or follow us on Twitter
@MarketsAlert
WeissLaw is investigating whether DNBF's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the acquisition of DNBF will expand S&T's footprint in
Pennsylvania by granting it access
to the Company's 14 locations.
WeissLaw is also investigating whether DNBF's Board conducted a
fair process in agreeing to the proposed merger, whether the
proposed merger undervalues the Company, and whether all material
information related to the proposed merger is fully and fairly
disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP