WILMINGTON, Del., Sept. 8, 2014 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of The Bank of Kentucky Financial Corporation ("Bank of Kentucky" or the "Company") relating to the sale of the Company to BB&T Corporation ("BB&T"). On September 8, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which BB&T will acquire Bank of Kentucky in a merger in a deal worth $363 million. As a result of the merger, Bank of Kentucky shareholders are only anticipated to receive 1.0126 shares of Bank of Kentucky stock and $9.40 per share in cash in exchange for each share of Bank of Kentucky (total combined consideration of $47.00 per share).
Andrews & Springer's investigation focuses on whether Bank of Kentucky's directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value. Additionally, our firm is also investigating the Company's financial advisor, Keefe Bruyette & Woods ("KBW"), and whether KBW conducted a fair sales process.
If you own shares of Bank of Kentucky and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/BKYF or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.