THE BANK OF KENTUCKY FINANCIAL CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
WILMINGTON, Del., Sept. 9, 2014 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of The Bank of Kentucky Financial Corporation (NASDAQ GS: BKYF)?
- Did you purchase any of your shares prior to September 8, 2014?
- 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 The Bank of Kentucky Financial Corporation ("Bank of Kentucky" or the "Company") (NASDAQ GS: BKYF) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by BB&T Corporation ("BB&T") (NYSE: BBT), in a transaction valued at approximately $363 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/the-bank-of-kentucky-financial-corporation-bkyf.
Under the terms of the agreement, public shareholders of Bank of Kentucky would receive 1.0126 shares of BB&T and $9.40 in cash for each share of Bank of Kentucky they own. Based on BB&T's closing stock price on September 5, 2014, Bank of Kentucky shareholders would have received consideration valued at approximately $50.84 per share.
The investigation concerns whether Bank of Kentucky's board of directors failed to adequately shop the Company and obtain the best possible value for Bank of Kentucky's shareholders before entering into an agreement with BB&T.
If you own the common stock of Bank of Kentucky and purchased your shares before September 8, 2014, 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 D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to [email protected], or at: http://www.rigrodskylong.com/investigations/the-bank-of-kentucky-financial-corporation-bkyf.
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 States.
Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
[email protected]
SOURCE Rigrodsky & Long, P.A.
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