NEW YORK, Aug. 19, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Cardinal Financial Corporation ("Cardinal Financial" or the "Company") (NASDAQ: CFNL) concerning the proposed acquisition of the Company by United Bankshares, Inc. ("United").
Under the terms of the offer, United would acquire Cardinal Financial in a transaction valued at approximately $910 million. Pursuant to the deal, Cardinal Financial stockholders will receive 0.71 shares of United per share of Cardinal Financial.
Our investigation concerns whether the Cardinal Financial board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Cardinal Financial shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: [email protected]
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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