WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Camco Financial Corporation (NASDAQ GM: CAFI)?
- Did you purchase any of your shares prior to October 10, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Camco Financial Corporation (“Camco” or the “Company”) (NASDAQ GM: CAFI) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Huntington Bancshares Incorporated (“Huntington”) (NASDAQ GS: HBAN) in a transaction valued at approximately $97 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/camco-financial-corporation-cafi.
Under the terms of the agreement, public shareholders of Camco may elect to receive 0.7264 shares of Huntington common stock, or $6.00 in cash for each share of Camco they own. Based on Huntington’s closing stock price of $8.12 on October 9, 2013, Camco shareholders who elected to receive Huntington shares would have received consideration valued at approximately $5.90 per share.
The investigation concerns whether Camco’s board of directors failed to adequately shop the Company and obtain the best possible value for Camco’s shareholders before entering into an agreement with Huntington.
If you own the common stock of Camco and purchased your shares before October 10, 2013, 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 Seth Rigrodsky or Gina Serra at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/camco-financial-corporation-cafi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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