Understanding the Proposed Sale of First of Long Island Corp
Overview of the Proposed Sale of The First of Long Island Corporation
Recent developments have raised questions regarding the proposed sale of The First of Long Island Corporation. The law firm Kahn Swick & Foti, LLC is spearheading an investigation into this transaction. The proposed sale involves transferring ownership to ConnectOne Bancorp, Inc. The exchange stipulates that FLIC shareholders will receive 0.5175 shares of ConnectOne for every share they hold.
Evaluating Adequacy of the Transaction
With any significant corporate transaction like this, it is vital to assess whether the proposed financial arrangements are fair. Kahn Swick & Foti, LLC aims to determine if the consideration offered is appropriate or if it undervalues The First of Long Island Corporation. This analysis will involve looking closely at the processes leading to this sale to ensure shareholder interests are adequately safeguarded.
The Role of KSF in the Investigation
Kahn Swick & Foti, LLC is well-regarded for its legal expertise, especially in reviewing corporate transactions. The firm’s leadership, including former Attorney General Charles C. Foti, Jr., is committed to protecting shareholder rights. They are encouraging shareholders who feel the current offer undervalues their shares to reach out for guidance.
Importance of Shareholder Input
Shareholders play a crucial role in corporate governance, and their perspectives are invaluable during this review process. It’s important for individuals invested in The First of Long Island Corporation to voice any concerns or seek clarification concerning their rights and options. Engaging with KSF could provide avenues for discussion and potential advocacy regarding the proposed sale.
Next Steps for Interested Shareholders
Shareholders who believe that the proposed sale is not in their best interest are urged to connect with Kahn Swick & Foti. This contact can be done without any obligation or cost. For those who prefer to initiate a conversation, calling KSF Managing Partner Lewis S. Kahn directly is also an option. They encourage shareholders to step forward and explore their legal rights.
About Kahn Swick & Foti, LLC
Kahn Swick & Foti, LLC is a prominent law firm with a strong reputation for supporting shareholders and ensuring fairness in corporate transactions. The firm’s partners bring extensive experience in various legal arenas, particularly in matters concerning shareholder rights. They are dedicated to providing informed guidance during complicated negotiations and sales.
Frequently Asked Questions
What is the proposed sale about?
The sale involves The First of Long Island Corporation being acquired by ConnectOne Bancorp, with a share exchange ratio proposed for shareholders.
Who is investigating the sale?
Kahn Swick & Foti, LLC is leading the investigation into the adequacy of the proposed transaction.
How can I express my concerns about the sale?
Shareholders can contact Kahn Swick & Foti to discuss their rights and concerns regarding the proposed sale.
What should I do if I believe my shares are undervalued?
If you feel your shares are undervalued, reach out to Kahn Swick & Foti for insights and possible actions.
Why is shareholder input crucial?
Shareholder perspectives help ensure that their interests are considered during the review of corporate transactions, contributing to better governance.
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