BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Hampshire First Bank (aHFBa or the aCompanya) (OTCBB: HFBN) relating to the proposed acquisition by a subsidiary of NBT Bancorp, Inc. (aNBTa).
Under the terms of the transaction, 65% of the outstanding shares of HFB common stock will be converted into a right to receive 0.7019 of a share of NBT common stock. The remaining 35% of outstanding shares of HFB common stock will be exchanged for $15.00 in cash. The transaction values HFB stock at approximately $15.00 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of HFB for not acting in the Companyas shareholders' best interests in connection with the sale process to NBT.
If you own shares of HFB stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [ investorrelations@brodsky-smith.com ], visiting [ http://brodsky-smith.com/361-hfbn-hampshire-first-bank.html ], or by calling toll free 877-LEGAL-90.