stock prior to September 9, 2019.
Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of United Community Financial Corp. (“United Community” or the “Company”) (NASDAQ: UCFC) to First Defiance Financial Corp. (“First Defiance”) (NASDAQ: FDEF). Under the terms of the deal, shareholders of United Community will receive 0.3715 shares of First Defiance common stock for each share of United Community common stock.
The United Community merger investigation concerns whether the Board of United Community breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether First Defiance is underpaying for United Community shares, thus unlawfully harming United Community shareholders.
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