MERGER ALERT – NFX, FPBF and ITG: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies
NEW YORK, Nov. 08, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies.
Newfield Exploration Company (NYSE: NFX) Merger Announcement: November 1, 2018 Transaction Details: Newfield will be purchased by Encana Corporation (NYSE: ECA). Under the terms of the transaction, Newfield shareholders will receive 2.6719 Encana shares for each share of Newfield stock they own. The transaction is valued at approximately $5.5 billion, with Encana assuming $2.2 billion of Newfield net debt.
FPB Financial Corp. (OTCMKTS: FPBF) Merger Announcement: November 6, 2018 Transaction Details: FPB will be purchased by The First Bancshares, Inc. (NASDAQGM: FBMS). Under the terms of the transaction, FPB shareholders will receive 0.83 shares of First Bancshares common stock for each share of FPB stock they own, subject to adjustment dependent upon the average closing price of First Bancshares’ common stock in the period prior to the closing of the merger.
Investment Technology Group, Inc. (NYSE: ITG) Merger Announcement: November 7, 2018 Transaction Details: ITG will be purchased by Virtu Financial, Inc. (NASDAQGS: VIRT). Under the terms of the transaction, ITG shareholders will receive $30.30 per share.
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