NEW YORK, Jan. 8, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of United Bancorp, Inc. ("United" or the "Company") (OTC: UBMI) concerning the proposed acquisition of the Company by Old National Bancorp ("Old National").
On January 8, 2014, United announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Old National. Under the terms of the agreement, United shareholders will receive 0.7 shares of Old National per United share in cash.
Our investigation concerns whether the United 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 shareholders.
If you own United 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:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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