NEW YORK, Dec. 19, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of MSB Financial Corporation
("MSB Financial" or the "Company") (NASDAQ: MSBF) in connection
with the proposed merger of the Company with Kearny Financial
Corporation (NASDAQ:KRNY). Under the terms of the merger
agreement, MSB Financial shareholders will receive 1.3 KRNY shares
or $18.00 in cash (subject to
proration) per MSBF share owned. KRNY shareholders will own
94% of the combined company while MSBF shareholders will own a mere
6%. The merger is expected to close in the second quarter of
2020.
If you own MSBF shares and wish to discuss this investigation
or have any questions concerning this notice or your rights or
interests, visit our website:
https://weisslawllp.com/msb-financial-corporation-investigation/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether MSB Financial's Board acted to
maximize shareholder value prior to entering into the merger
agreement. Notably, MSBF stock traded above the offer price
as recently as April 2019.
WeissLaw is investigating whether MSB Financial's Board
conducted a fair process in agreeing to the proposed merger,
whether the proposed merger undervalues the Company, and whether
all material information related to the proposed merger is fully
and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP