ESB FINANCIAL CORP. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of ESB Financial Corp. (ESBF) Over the Proposed Sale of the Company to WesBanco, Inc.
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 ESB Financial Corp. (“ESB” or the “Company”) (Nasdaq: ESBF) for potential breaches of fiduciary duties in connection with the sale of the Company to WesBanco, Inc. (“WesBanco”) (WSBC) for approximately $324.40 million. The Company’s stockholders will receive .502 shares of WesBanco and $1.76 for each share of ESB common stock they own.
The investigation focuses on whether ESB’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of ESB’s shareholders.
If you own common stock in ESB and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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