Investor Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of National Penn Bancshares, Inc. Concerning its Proposed Sale to BB&T Corp.

Aug 18, 2015, 15:54 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, Aug. 18, 2015 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against the Board of Directors of National Penn Bancshares, Inc. ("National Penn" or the "Company") (Nasdaq: NPBC) related to the proposed acquisition of the Company by BB&T Corp. Under the terms of the agreement, National Penn shareholders can elect to receive either $13.00 in cash or 0.3206 shares of BB&T common stock for each share of National Penn they own.

This investigation concerns whether the Board of Directors of National Penn breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction.

If you own National Penn common stock and wish to obtain additional information, please contact either Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Eitan Kimelman 212-697-6484 info@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC



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