INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of FedFirst Financial Corporation Buyout Proposal
SMITHTOWN, NY, April 21, 2014:
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of FedFirst Financial Corporation (“FedFirst”) (NASDAQ CM: FFCO) for possible breaches of fiduciary duties and other violations of law in connection with FedFirst’s agreement to be acquired by CB Financial Services, Inc. (“CB”) (OTC QB: CBFV), in a transaction valued at approximately $54.5 million.
Under the terms of the agreement, public shareholders of FedFirst can elect to receive $23.00 in cash or 1.1590 shares of the CB common stock for each share of FedFirst they own.
The investigation concerns whether FedFirst’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to FedFirst’s stockholders would be fair and adequate, and whether FedFirst is acting in its stockholders’ best interests.