SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of United Financial Bancorp, Inc (UBNK) Over the Proposed Sale of the Company to Rockville Financial, Inc. (RCKB)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of United Financial Bancorp, Inc. (“United Financial” or the “Company”) (NasdaqGS: UBNK) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Rockville Financial, Inc. in a stock-for-stock transaction valued at approximately $369 million, based on the closing price of Rockville Financial common stock on November 14, 2013. Under the terms of the proposed transaction, United Financial’s stockholders will receive 1.3472 shares of Rockville Financial for each share of United Financial common stock they own.
The investigation focuses on whether United Financial’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of United Financial’s shareholders.
If you own common stock in United Financial and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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