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Tue, April 17, 2012

Rigrodsky & Long, P.A. Continues Investigation North Central Bancshares, Inc. In Connection With Expiration Of aGo Shopa Period


Published on 2012-04-17 10:01:15 - Market Wire
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WILMINGTON, Del.--([ ])--[ Rigrodsky & Long, P.A. ] announces that it is continuing its investigation of potential claims against the board of directors of North Central Bancshares, Inc. (aNorth Central Bancsharesa or athe Companya) (Nasdaq: [ FFFD ]) concerning possible breaches of fiduciary duty and other violations of law related to the Companyas entry into an agreement to be acquired by Great Western Bancorporation, Inc. (aGreat Western Bancorporationa) in a deal that is worth approximately $41 million.

Click here to learn more: [ http://www.rigrodskylong.com/investigations/north-central-bancshares-inc-fffd ].

On Friday April 13, 2012, the Company issued a press release announcing the expiration of the ago shopa period pursuant to the merger agreement entered into on March 12, 2012 by North Central Bancshares and Great Western Bancorporation. During the ago-shopa period, North Central Bancshares and its representatives had the right to pursue alternative acquisition proposals from third parties until April 12, 2012, at 11:59 p.m. Central Time. The Company further announced that no alternative acquisition proposals were received prior to the expiration of the ago shopa period.

Under the terms of the merger agreement, North Central Bancshares shareholders will receive $30.58 for every share of North Central Bancshares common stock they own. The investigation concerns whether North Central Bancsharesa board of directors failed to adequately shop the Company and to get the best price possible for North Central Bancsharesa shareholders.

If you own the common stock of North Central Bancshares and purchased your shares before March 13, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact [ Scott J. Farrell, Esquire ] or Peter Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to [ info@rigrodskylong.com ], or at [ http://www.rigrodskylong.com/investigations/north-central-bancshares-inc-fffd ].

[ Rigrodsky & Long, P.A. ], with offices in Wilmington, Delaware and Garden City, New York, regularly litigates [ securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation ], including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

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