An investigation on behalf of investors of Hudson Valley Holding Corp. (NYSE:HVB) in connection with the proposed takeover was announced and NYSE:HVB stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 11/19/2014 --An investigation on behalf of investors, who currently hold shares of Hudson Valley Holding Corp. (NYSE:HVB), was announced concerning whether the takeover of Hudson Valley Holding Corp. by Sterling Bancorp is unfair to NYSE:HVB stockholders.

Investors who purchased shares of Hudson Valley Holding Corp. (NYSE:HVB) and currently hold any of those NYSE:HVB shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Hudson Valley Holding Corp. breached their fiduciary duties owed to NYSE:HVB investors in connection with the proposed acquisition.

On November 5, 2014, Sterling Bancorp (NYSE: STL) and Hudson Valley Holding Corp. (NYSE: HVB) announced they have entered into a merger agreement in a stock-for-stock transaction valued at approximately $539 million, based on the closing price of Sterling Bancorp common stock on November 4, 2014. The merger agreement calls for a fixed exchange ratio of 1.92 shares of Sterling Bancorp common stock for each share of Hudson Valley Holding Corp. common stock. Based on a closing price of $13.99 per NYSE:STL shares on November 4, 2014, investors in Hudson Valley Holding Corp. will received approximately $26.86 per NYSE:HVB share.

However, the investigation concerns whether the offer is unfair to NYSE:HVB stockholders. More specifically, the investigation concerns whether the Hudson Valley Holding Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Hudson Valley Holding Corp. (NYSE:HVB) grew from $14.75 per share in April 2013 to as high as $26.89 per share on November 13, 2014.

On November 17, 2014, NYSE:HVB shares closed at $26.12 per share.

Those who are current investors in Hudson Valley Holding Corp. (NYSE:HVB) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com