NEW YORK, Feb. 2, 2012 /PRNewswire/ -- Bull &
Lifshitz, LLP announces an investigation into possible breaches of
fiduciary duty in connection with the proposed sale of VIST
Financial Corp. (NASDAQ: VIST) (referred to as "VIST" or the
"Company") to Tompkins Financial Corporation ("Tompkins"), in a stock transaction valued at
approximately $86 million at the time
of signing the merger agreement, or $12.50 per VIST common share.
(Logo: http://photos.prnewswire.com/prnh/20120119/MM38805LOGO
)
Under the terms of the agreement, VIST shareholders will receive
0.3127 shares of Tompkins common stock for each share of VIST
common stock held, subject to adjustment based on the average of
the closing prices of Tompkins
common stock for the 20 business days ending three business days
prior to the VIST shareholder meeting called to consider the merger
agreement (the "Average Closing Price"). If the Average
Closing Price is more than $43.98,
the Exchange Ratio shall be 0.2842; and if the Average Closing
Price is less than $35.98, the
Exchange Ratio shall be 0.3475.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company's
shareholders.
If you are a holder of VIST common stock and want to discuss
your legal rights, you may e-mail or call Bull & Lifshitz, LLP
who will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of VIST and would like more information
about our investigation, please contact Joshua M. Lifshitz, Esq. by
telephone at (866) 313-6222 or by sending an e-mail including your
contact information to: counsel@nyclasslaw.com. All e-mail
correspondence should make reference to VIST.
Bull & Lifshitz, LLP is a New York
City-based law firm with significant experience representing
investors in merger-related shareholder class actions, shareholder
derivative actions, and securities fraud class actions. For
more information about the firm, please visit our website at
www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2012 Bull & Lifshitz,
LLP. The law firm responsible for this advertisement is Bull
& Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
Contact:
Joshua M. Lifshitz, Esq.
Bull & Lifshitz, LLP
Phone: 212-213-6222
Fax: 212-213-9405
Email: counsel@nyclasslaw.com
SOURCE Bull & Lifshitz, LLP