SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible
Breaches of Fiduciary Duty by the Board of Annapolis Bancorp Inc. in
Connection with the Sale of the Company to F.N.B. Corp.
NEW YORK, Oct. 23, 2012
NEW YORK, Oct. 23, 2012 /PRNewswire/ --Levi & Korsinsky is investigating the
Board of Directors of Annapolis Bancorp Inc. ("Annapolis" or the "Company")
(NasdaqCM: ANNB) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to F.N.B. Corp.
("F.N.B.") (NYSE: FNB).
(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO )
Click here to learn more about the investigation:
http://zlk.9nl.com/annapolis-bancorp-annb, or call: 877-363-5972. There is no
cost or obligation to you.
Under the terms of the transaction, Annapolis shareholders will receive 1.143
of an F.N.B. share for each share of Annapolis stock they own, representing a
value of approximately $12.21 per Annapolis share. Contingent upon the
resolution of a credit matter, Annapolis shareholders may also receive up to
an additional $0.36 per share in cash. The transaction has a total approximate
value of $49 million. The investigation concerns whether the Annapolis Board
of Directors breached their fiduciary duties to stockholders by failing to
adequately shop the Company before entering into this transaction and whether
F.N.B. is underpaying for Annapolis shares, thus unlawfully harming Annapolis
If you own common stock in Annapolis and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at
firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
Levi & Korsinsky is a national firm with offices in New York and Washington
D.C. The firm has extensive expertise in prosecuting securities litigation
involving financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel free
to contact any of the attorneys listed below. Attorney advertising. Prior
results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP
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