NEW YORK, July 16, 2008 (PRIME NEWSWIRE) -- Levi & Korsinsky announces an investigation on the proposed acquisition of United Capital Corp. ("United" or the "Company") (AMEX:AFP).
On July 11, 2008, United announced that its Board of Directors has received a $23 per share acquisition offer from Chairman, President and Chief Executive A.F. Petrocelli. Upon closing, United will likely no longer be publicly traded. If you own common stock in United and wish to obtain additional information please contact us at the number listed below.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
About United Capital Corp.
United Capital Corp., together with its subsidiaries, engages in the investment and management of real estate. It also engages in the operation of full and limited-service hotels, and the manufacture and sale of engineered products.