Law Firm Brower Piven Announces Investigation of PVF Capital Corp. Proposed
STEVENSON, Md. -- February 19, 2013
The securities litigation firm of Brower Piven, A Professional Corporation,
has commenced an investigation into possible breaches of fiduciary duty to
current shareholders of PVF Capital Corp. (Nasdaq: “PVFC”), the parent of Park
View Federal Savings Bank, and other violations of state law by the board of
directors of PVF Capital Corp. relating to the proposed acquisition of the
company by F.N.B. Corporation (“FNB”). The firm’s investigation seeks to
determine, among other things, whether the board of directors of PVF Capital
Corp. breached their fiduciary duties by failing to maximize shareholder
According to the press release announcing the proposed buyout, FNB will
acquire PVF Capital Corp. in an all stock transaction valued at approximately
$3.98 per share, or $106.4 million in the aggregate using the 20-day trailing
stock price of FNB as of Friday, February15, 2013. Under the terms of the
merger agreement, PVF Capital Corp. shareholders will be entitled to receive
0.3405 shares of FNB common stock for each common share of PVF Capital Corp.
they own. According to Yahoo! Finance, at least one analyst has set a price
target of $15.77 for each PVF Capital Corp. share.
If you currently own common stock of PVF Capital Corp. and would like to learn
more about the investigation being conducted by Brower Piven, you may email or
call Brower Piven, who will, without obligation or cost to you, attempt to
answer your questions. You may contact Brower Piven by email at
firstname.lastname@example.org, by calling (410) 415-6616, or at Brower Piven, A
Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating securities and
other class action cases of over 60 years.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
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