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| Protecting the Rights of Shareholders and Consumers |
First Keystone Financial Inc. Securities Litigation
First Keystone Financial Inc. (NasdaqGM: FKFS) shareholder litigation over alleged unfair takeover
On November 4, 2009, First Keystone Financial, Inc. (“First Keystone” or the “Company”) announced that it agreed to sell the
Company to Bryn Mawr Bank Corp. ("Bryn Mawr") (NasdaqGS: BMTC). Under the terms of the transaction, First Keystone
shareholders will receive a combination of 0.6973 shares of Bryn Mawr common stock plus $2.06 in cash for each share of
Company common stock that they own, subject to possible adjustment. The transaction values First Financial shares at $13.75,
based on Bryn Mawr's share price over the twenty trading days ended October 30, 2009.
The investigation concerns whether First Keystone's Board of Directors have breached their fiduciary duties to stockholders by
failing to adequately shop the Company before entering into this transaction and whether Bryn Mawr is underpaying for First
Keystone's shares, thus unlawfully harming First Keystone's stockholders.
On November 4, 2009, First Keystone Financial, Inc. (“First Keystone” or the “Company”) announced that it agreed to sell the
Company to Bryn Mawr Bank Corp. ("Bryn Mawr") (NasdaqGS: BMTC). Under the terms of the transaction, First Keystone
shareholders will receive a combination of 0.6973 shares of Bryn Mawr common stock plus $2.06 in cash for each share of
Company common stock that they own, subject to possible adjustment. The transaction values First Financial shares at $13.75,
based on Bryn Mawr's share price over the twenty trading days ended October 30, 2009.
The investigation concerns whether First Keystone's Board of Directors have breached their fiduciary duties to stockholders by
failing to adequately shop the Company before entering into this transaction and whether Bryn Mawr is underpaying for First
Keystone's shares, thus unlawfully harming First Keystone's stockholders.
