Shareholders Foundation, Inc.

Takeover of Yadkin Financial Corp (NYSE:YDKN) Under Investigation for Investors

An investigation on behalf of investors of Yadkin Financial Corp (NYSE:YDKN) in connection with the proposed takeover was announced and NYSE:YDKN stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 08/03/2016 -- An investigation on behalf of investors, who currently hold shares of Yadkin Financial Corp (NYSE:YDKN), was announced concerning whether the takeover of Yadkin Financial Corp. by F.N.B. Corporation for a value of approximately $27.35 per share is unfair to NYSE:YDKN stockholders.

Investors who purchased shares of Yadkin Financial Corp (NYSE:YDKN) and currently hold any of those NYSE:YDKN shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

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

On July 21, 2016, F.N.B. Corporation and Yadkin Financial Corp (NYSE:YDKN) announced the signing of a merger agreement pursuant to which F.N.B. Corporation will acquire Yadkin Financial Corporation, the holding company and parent of Yadkin Bank, in an all-stock transaction valued at approximately $27.35 per share, or $1.4 billion in the aggregate, using the 20-day trailing average closing stock price of FNB as of Wednesday, July 20, 2016.

However, given that at least one analyst has set the high target price for NYSE:YDKN shares at $29.00 per share, the investigation concerns whether the offer is unfair to NYSE:YDKN stockholders. More specifically, the investigation concerns whether the Yadkin Financial 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.

On August 2, 2016, NYSE:YDKN shares closed at $25.22 per share.

Those who are current investors in Yadkin Financial Corp 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