VALLEY FINANCIAL CORP. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Valley Financial Corp. Over the Proposed Sale of the Company to BNC Bancorp - VYFC
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 Valley Financial Corp. (“Valley” or the “Company”) (Nasdaq: VYFC) for potential breaches of fiduciary duties in connection with the sale of the Company to BNC Bancorp (Nasdaq: BNCN) for approximately $101.3 million. The Company’s stockholders will only receive $20.50 for each share of Valley common stock they own.
The investigation focuses on whether Valley’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 Valley’s shareholders.
If you own common stock in Valley 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
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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