NEW YORK, Nov. 14, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Susquehanna Bancshares, Inc. ("Susquehanna" or "the Company") (Nasdaq: SUSQ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to BB&T Corporation (NYSE: BBT).
Under the terms of the transaction, Susquehanna shareholders will receive 0.253 shares of BB&T stock and $4.05 in cash for each share of Susquehanna stock they own, representing a value of approximately $13.50 per share. The investigation concerns whether the Board of Susquehanna breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether BB&T Corporation is underpaying for Susquehanna shares.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.com