SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Camco
Financial Corporation Buyout
WILMINGTON, Del. -- October 11, 2013
Rigrodsky & Long, P.A.:
*Do you own shares of Camco Financial Corporation (NASDAQ GM: CAFI)?
*Did you purchase any of your shares prior to October 10, 2013?
*Do you think the proposed buyout price is too low?
*Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Camco Financial Corporation (“Camco”
or the “Company”) (NASDAQ GM: CAFI) regarding possible breaches of fiduciary
duties and other violations of law related to the Company’s entry into an
agreement to be acquired by Huntington Bancshares Incorporated (“Huntington”)
(NASDAQ GS: HBAN) in a transaction valued at approximately $97 million.
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Under the terms of the agreement, public shareholders of Camco may elect to
receive 0.7264 shares of Huntington common stock, or $6.00 in cash for each
share of Camco they own. Based on Huntington’s closing stock price of $8.12 on
October 9, 2013, Camco shareholders who elected to receive Huntington shares
would have received consideration valued at approximately $5.90 per share.
The investigation concerns whether Camco’s board of directors failed to
adequately shop the Company and obtain the best possible value for Camco’s
shareholders before entering into an agreement with Huntington.
If you own the common stock of Camco and purchased your shares before October
10, 2013, if you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to these
matters, please contact Seth Rigrodsky or Gina Serra at Rigrodsky & Long,
P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by
telephone at (888) 969-4242; by e-mail to email@example.com, or at:
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City,
New York, regularly prosecutes securities class, derivative and direct
actions, shareholder rights litigation and corporate governance litigation, on
behalf of shareholders in states and federal courts throughout the United
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
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