NEW YORK, Nov. 18, 2013 /PRNewswire/ -- Levi & Korsinsky notifies investors of United Financial Bancorp, Inc. ("United Financial" or the "Company") (NasdaqGS: UBNK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Rockville Financial, Inc. ("Rockville") (NasdaqGS: RCKB).
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Rockville and United Financial announced on November 15, 2013 that the companies have entered into a definitive merger agreement under which Rockville will acquire all of the outstanding common stock of United Financial for approximately $369 million. Under the terms of the transaction, United Financial shareholders will receive 1.3472 shares of Rockville common stock for each share of United Financial stock they own; this represents a value of approximately $18.35 per United Financial share. The investigation concerns whether the United Financial Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Rockville is underpaying for United Financial shares. United Financial's Robert A. Stewart, Jr. will be the post-merger company's Chairman of the Board.
If you own United Financial common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/united-financial-ubnk/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Stamford, Connecticut and Washington D.C. The firm's 26 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: (212) 363-7171
SOURCE Levi & Korsinsky, LLP