Morgan & Morgan Announces Investigation of PVF Capital Corp.
NEW YORK, March 5, 2013
NEW YORK, March 5, 2013 /PRNewswire/ --Morgan & Morgan is investigating
potential claims against the Board of Directors of PVF Capital Corp. ("PVF" or
the "Company") (Nasdaq: PVFC) for possible breaches of fiduciary duty and
other violations of state law in connection with the sale of the Company to
F.N.B Corporation ("FNB") (NYSE: FNB).
If you are a current shareholder of PVF Capital Corp. and are interested in
learning more about the PVF Capital merger investigation, please contact
George Pressly, Esq. at1 (800) 631-6234or email George at
Under the terms of the transaction, PVF shareholders will receive 0.3405
shares of FNB common stock for each share of PVF they own. The transaction is
valued at approximately $100.3 million, based on FNB's closing price on
February 25, 2013. Also based on FNB's closing stock price of $11.36 on
February 25, 2013, PVF shareholders would have received consideration valued
at approximately $3.87 per share.
Our investigation concerns whether PVF's Board of Directors breached its
fiduciary duties to act in the best interests of PVF's shareholders and to
take all necessary steps to ensure that PVF's shareholders receive the maximum
value readily available for their shares of PVF common stock.
About Morgan & Morgan
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to
securities fraud and breach of fiduciary duty cases, the firm also practices
in the areas of antitrust, personal injury, consumer protection, overtime, and
product liability.All of the Firm's legal endeavors are rooted in its core
mission: provide investor and consumer protection and always fight "for the
Attorney advertising. Prior results do not guarantee a similar outcome.
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44^th Street
New York, NY 10036
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