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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Metro Bancorp Inc (NASDAQ: METR) acted responsibly on behalf of investors’ profitability in the planned $474 Million sale to F.N.B. Corporation (NYSE: FNB).
On August 4, 2015, Metro Bancorp Inc (NASDAQ: METR) and F.N.B. Corporation (NYSE: FNB) announced that they had entered into a merger agreement. Under the terms of the merger agreement, F.N.B. will offer Metro Bancorp shareholders $ 32.72 per share in cash for all outstanding shares.
Based in Harrisburg, PA, and founded in 1984 Metro Bancorp Inc operates as the bank holding company for Metro Bank that offers retail and commercial banking services for consumers, and small and mid-sized companies in Pennsylvania.
The investigation is looking to uncover whether Metro Bancorp Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $38.00 per share.
If you purchased Metro Bancorp Inc (NASDAQ: METR) prior to August 4, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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