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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of FNB Bancorp (NASDAQ: FNBG) to TriCo Bancshares (NASDAQ: TCBK) for $40.81 per share.
The investigation concerns whether the Board of FNB Bancorp breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether TriCo Bancshares is underpaying for FNB Bancorp shares, thus unlawfully harming FNB Bancorp shareholders.
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