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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of United Financial Bancorp, Inc. (“United Financial” or the “Company”) (NASDAQGS: UBNK) to People’s United Financial, Inc. (“People’s United”) (NASDAQGS: PBCT). Under the terms of the deal, United Financial shareholders will receive 0.875 shares of People’s United stock for each United Financial share.
The United Financial merger investigation concerns whether the Board of United Financial breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether People’s United is underpaying for United Financial shares, thus unlawfully harming United Financial shareholders.
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