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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of DNB Financial Corporation (“DNB Financial” or the “Company”) (NASDAQCM: DNBF) to S&T Bancorp, Inc. (“S&T”) (NASDAQGS: STBA). Under the terms of the deal, stockholders of DNB Financial will receive 1.22 shares of S&T common stock for each share of DNB Financial stock that they hold.
The DNB Financial merger investigation concerns whether the Board of DNB Financial breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether S&T is underpaying for DNB Financial shares, thus unlawfully harming DNB Financial shareholders.
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