The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of FedFirst Financial Corp.
("FedFirst" or the "Company") (Nasdaq: FFCO) and other violations of
state law by the board of directors of FedFirst relating to the proposed
buyout of the Company by CB Financial Services, Inc. ("CB").
Under the terms of the transaction announced, FedFirst shareholders will
receive $23.00 in cash or shares of CB common stock based on a fixed
exchange ratio of only 1.1590 shares of CB stock for each share of
FedFirst stock they own. The announced transaction subjects FedFirst
shareholders to proration to ensure at losing that 65% of the
outstanding shares of FedFirst common stock are exchanged for shares of
CB common stock and the remaining 35% are exchanged for cash.
The firm's investigation seeks to determine, among other things, whether
the Company's board of directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into and
recommend this transaction, and whether CB is underpaying for FedFirst
If you currently own common stock of FedFirst and would like to learn
more about the investigation being conducted by Brower Piven, without
cost or obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at firstname.lastname@example.org
or by telephone at (410) 415-6616. Attorneys at Brower Piven together
have more than a century of experience litigating securities and other
class action cases.
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