Published:
Law Office of Brodsky & Smith, LLC Announces Investigation on Behalf of Shareholders First Keystone Financial, Inc.
BALA CYNWYD, Pa. - (BUSINESS WIRE) - Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of First Keystone
Financial, Inc. ("First Keystone" or the "Company" ) (Nasdaq:FKFS)
relating to the proposed merger with Bryn Mawr Bank Corp. ("Bryn Mawr" )
(Nasdaq:BMTC).
Under the proposed agreement, First Keystone shareholders will receive a
combination of 0.6973 shares of Bryn Mawr common stock plus $2.06 in
cash for each share of First Keystone common stock they own, subject to
possible adjustments. The investigation concerns possible breaches of
fiduciary duty and other violations of state law related to the First
Keystone Board's approval of the proposed acquisition. The merger
agreement prevents, except under certain exceptions, the board from
soliciting alternative proposals, entering into discussions with other
potential buyers, providing confidential information to other buyers,
and contains a $1.675 million termination fee. This prevents other
buyers from making offers for the company that may have resulted in
increased compensation for the shareholders.
If you own shares of First Keystone and wish to discuss the legal
ramifications of the proposed acquisition, 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 clients@brodsky-smith.com,
or by calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
or
Evan
J. Smith, Esquire
877-LEGAL-90
clients@brodsky-smith.com
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