ONEIDA FINANCIAL CORP. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Oneida Financial Corp. Over the Proposed Sale of the Company to Community Bank System, Inc. - ONFC
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 Oneida Financial Corp. (“Oneida”) (Nasdaq: ONFC) for potential breaches of fiduciary duties in connection with the sale of the Company to Community Bank System, Inc. for approximately $142 million in a stock or cash transaction. The Company’s stockholders can choose to receive either $20 in cash or 0.5635 shares of Community Bank for each share of Oneida common stock they own.
The investigation focuses on whether Oneida’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 Oneida’s shareholders.
If you own common stock in Oneida 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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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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