BALA CYNWYD, Pa., Nov. 15, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Yadkin Financial Corporation ("Yadkin" or "the Company") (NYSE: YDKN) 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").
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Under the terms of the transaction, Yadkin shareholders will receive only approximately $27.35 in FNB stock for each share of Yadkin stock they own. The investigation concerns whether the Board of Yadkin breached their fiduciary duties to shareholders and whether FNB is underpaying for the Company. The transaction may undervalue the Company and would result in no real gain for many Yadkin shareholders. For example, Yadkin stock closed at $30.81 per share on November 15, 2016 and an analyst has set a $29.00 per share price target for Yadkin stock.
If you own shares of Yadkin stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/yadkin-financial-corporation-nyse-ydkn/, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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SOURCE Brodsky & Smith, LLC