NATIONAL PENN SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of National Penn Bancshares, Inc. (NPBC) Over the Proposed Sale of the Company to BB&T Corporation

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of National Penn Bancshares Inc.

Aug 21, 2015, 15:51 ET from Faruqi & Faruqi, LLP

NEW YORK, Aug. 21, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of National Penn Bancshares Inc. ("National Penn" or the "Company") (NasdaqGS: NPBC) for potential breaches of fiduciary duties in connection with the sale of the Company to BB&T Corporation for approximately $1.8 billion

The Company's stockholders may elect to receive 0.3206 of BB&T common stock ($12.48) or $13.00 in cash for each share of Company common stock they own. However, the offer represents a negligible premium over the Company's opening price per share of $12.33 on August 21, 2015 and the stock is expected to continue climbing.

Click here for more information: www.faruqilaw.com/NPBC.  There is no cost or obligation to you.

The investigation focuses on whether National Penn's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of National Penn's shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation.  The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation.  The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in National Penn and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/NPBC or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Contact:

Faruqi & Faruqi, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Juan E. Monteverde, Esq. jmonteverde@faruqilaw.com Toll Free: (877) 247-4292 Phone:    (212) 983-9330

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