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NASDAQ:UBNK Investor Alert: Investigation over Takeover of United Financial Bancorp, Inc.

Via: ReleaseWire

Updated 11:15 AM CDT, Mon, July 22,2019

An investigation on behalf of investors of United Financial Bancorp, Inc. (NASDAQ: UBNK) in connection with the proposed takeover was announced.

San Diego, CA -- (SBWIRE) -- 07/22/2019 -- The takeover of United Financial Bancorp, Inc. (NASDAQ: UBNK) is under investigation concerning whether the takeover is unfair to NASDAQ: UBNK stockholders.

Investors who purchased shares of United Financial Bancorp, Inc. (NASDAQ: UBNK) and currently hold any of those NASDAQ: UBNK shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain directors of United Financial Bancorp, Inc. breached their fiduciary duties owed to NASDAQ: UBNK investors in connection with the proposed acquisition.

Hartfort, CT based United Financial Bancorp, Inc. operates as the holding company for United Bank that provides retail, commercial, and consumer banking services to individuals, families, and businesses. On July 15, 2019, People's United Financial, Inc. (NASDAQ: PBCT), the holding company for People's United Bank, N.A., announced an agreement to acquire United Financial Bancorp, Inc. (NASDAQ: UBNK), the holding company for United Bank, in a 100% stock transaction valued at approximately $759 million. Under the terms of the agreement, which has been approved by both companies' boards of directors, United Financial Bancorp, Inc. shareholders will receive 0.875 shares of People's United Financial stock for each United Financial Bancorp, Inc. share. The transaction is valued at $14.74 per United Financial Bancorp, Inc. share, based on the closing price of People's United's common stock on July 12, 2019.

However, given that at least one analyst has set the high target price for NASDAQ: UBNK shares at $15.00 per share, the investigation concerns whether the offer is unfair to NASDAQ: UBNK stockholders. More specifically, the investigation concerns whether the United Financial Bancorp Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

United Financial Bancorp, Inc. reported that its annual Total Revenue rose from $208.6 million in 2017 to $218.86 million in 2018 and that its Net Income Increased from $54.61 million in 2017 to $59.90 million in 2018.

Shares of United Financial Bancorp, Inc. (NASDAQ: UBNK) reached as high as $18.71 per share in October 2017.

On July 19, 2019, NASDAQ: UBNK shares closed at $14.11 per share.

Those who are current investors in United Financial Bancorp, Inc. (NASDAQ: UBNK) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqubnk-investor-alert-investigation-over-takeover-of-united-financial-bancorp-inc-1248725.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com