Faruqi & Faruqi, LLP Announces the Investigation of Pulaski Financial Corp. (PULB) Over the Proposed Sale of the Company to First Busey Corporation
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Pulaski Financial Corp. (“Pulaski” or the “Company”) (NasdaqGS: PULB) for potential breaches of fiduciary duties in connection with the sale of the Company to First Busey Corporation for approximately $211 million.
The Company’s stockholders will only receive 0.79 shares of common stock of First Busey for each share of Company common stock, or $17.24 per share. However, the offer provides virtually zero premium and Pulaski stock traded at $17.25, above the merger consideration, on December 2, 2015.
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