An investigation for investors, who currently hold Pulaski Financial Corp shares was announced concerning whether the takeover of Pulaski Financial Corp is unfair.
Investors who purchased shares of Pulaski Financial Corp (NASDAQ:PULB) and currently hold any of those NASDAQ:PULB shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Pulaski Financial Corp breached their fiduciary duties owed to NASDAQ:PULB investors in connection with the proposed acquisition.
On December 03, 2015, First Busey Corporation (NASDAQ:BUSE), the holding company for Busey Bank, and Pulaski Financial Corp (NASDAQ:PULB), the holding company for Pulaski Bank, National Association (announced the signing of an agreement pursuant to which First Busey Corporation will acquire Pulaski Financial Corp (NASDAQ:PULB) through a merger transaction and thereafter Pulaski Bank, National Association will be merged with and into Busey Bank. Under the terms of the merger agreement, Pulaski Financial Corp (NASDAQ:PULB) shareholders will receive 0.79 shares of First Busey Corporation (NASDAQ:BUSE) common stock for each share of Pulaski common stock. Based upon First Busey Corporation’s closing share price of $21.82 on December 3, 2015, the implied per share purchase price is $17.24 with an aggregate transaction value of approximately $210.7 million.
However, the investigation concerns whether the offer is unfair to NASDAQ:PULB stockholders. More specifically, the investigation concerns whether the Pulaski Financial Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
On December 18, 2015, NASDAQLPULB shares closed at $15.94 per share.
Those who are current investors in Pulaski Financial Corp (NASDAQ:PULB) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com