NEW YORK, Jan. 31, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Royal Bancshares of Pennsylvania, Inc. ("Royal Bancshares" or the "Company") (NASDAQ: RBPAA) concerning the proposed acquisition of the Company by Bryn Mawr Bank Corporation ("Bryn Mawr").
Under the terms of the offer, Bryn Mawr would acquire Royal Bancshares in a transaction valued at approximately $127.7 million. Pursuant to the terms of the transaction, Royal Bancshares shareholders would receive 0.1025 shares of Bryn Mawr per class A share or 0.1179 shares of Bryn Mawr per class B share.
Our investigation concerns whether the Royal Bancshares board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Royal Bancshares shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP