ATLANTA, Aug. 4, 2009 (GLOBE NEWSWIRE) -- Holzer Holzer & Fistel, LLC is investigating whether Harleysville National Corp.'s directors complied with their fiduciary duties in approving the proposed buyout of Harleysville National Corp. ("Harleysville" or the "Company") (Nasdaq:HNBC) by First Niagara Financial Group, Inc. ("First Niagara"). According to the Company's announcement of July 27, 2009, First Niagara will exchange 0.474 shares of its common stock for each share of Harleysville common stock outstanding. The announcement further states that Harleysville shareholders will receive the equivalent of $5.50 per share in the all-stock transaction.
Current holders of Harleysville common stock with questions concerning their legal rights are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel, Jr., Esq. or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.