MILWAUKEE, June 6, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating the Board of DNB Financial
Corporation (NASDAQ: DNB) for possible breaches of
fiduciary duty and other violations of the law in connection with
the sale of DNB to S&T.
Click here to learn how to join the action:
http://ademilaw.com/case/dnb or call Guri
Ademi toll-free at 866-264-3995. There is no cost or
obligation to you.
Ademi & O'Reilly, LLP alleges DNB financial outlook is
improving and yet DNB shareholders will receive the equivalent of
only $47.28 per share. S&T
is purchasing DNB at a substantial discount. The merger
agreement unreasonably limits competing bids for DNB by prohibiting
solicitation of further bids, and imposing a termination penalty if
DNB accepts a superior bid. DNB insiders will receive millions of
dollars as part of change of control arrangements. We are
investigating on the conduct of DNB's board of directors, and
whether they are (i) fulfilling their fiduciary duties to all
shareholders, and (ii) obtaining a fair and reasonable price for
DNB.
If you own common stock in DNB and wish to obtain additional
information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/dnb.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
View original
content:http://www.prnewswire.com/news-releases/shareholder-alert-ademi--oreilly-llp-investigates-whether-dnb-financial-corporation-has-obtained-a-fair-price-in-its-sale-to-st-bancorp-inc-300863096.html
SOURCE Ademi & O'Reilly, LLP