Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of National Penn Bancshares Inc (NASDAQ: NPBC) acted responsibly on behalf of investors’ profitability in the planned $1.8 billion sale to BB&T Corporation (NYSE: BBT).
On August 17, 2015, National Penn Bancshares Inc (NASDAQ: NPBC) and BB&T Corporation (NYSE: BBT) announced that they had entered into a merger agreement. Under the terms of the agreement, shareholders of National Penn can elect to receive 0.3206 of a share of BB&T common stock or $13.00 in cash for each share of National Penn common stock.
Based in Allentown, PA, and founded in 1874 National Penn Bancshares Inc is the holding company for National Penn Bank. National Penn Bank offers commercial and personal banking services as well as loan services to the businesses and residents primarily in eastern and central Pennsylvania.
The investigation focuses on whether NASDAQ: NPBC investors received the highest price and whether the directors of National Penn Bancshares Inc acted in the best interest of National Penn Bancshares Inc company and its shareholders.
If you purchased National Penn Bancshares Inc (NASDAQ: NPBC) prior to August 17, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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