Faruqi & Faruqi, LLP Announces the Investigation of Cardinal Financial Corp. (CFNL) Over the Proposed Sale of the Company to United Bankshares, Inc.
Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Cardinal Financial Corp. (“Cardinal Financial” or the “Company”) (NasdaqGS:CFNL) for potential breaches of fiduciary duties in connection with the sale of the Company to United Bankshares, Inc. for approximately $912 million.
The Company’s stockholders will only receive 0.71 shares of United Bankshares for each share of Company common stock they own, or approximately $27.17 per share, based on United Bankshares’ August 18, 2016 trading price.
If you own common stock in Cardinal Financial and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Nadeem Faruqi, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. You may also contact Juan E. Monteverde, Esq. either via email at email@example.com or by telephone at (212) 971-1341.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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