Riverview Financial Corporation
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RIVERVIEW FINANCIAL MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF RIVERVIEW FINANCIAL CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – RIVE
June 30, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Riverview Financial Corporation (NASDAQ: RIVE) to Mid Penn Bancorp, Inc. is fair to Riverview shareholders. Under the terms of the merger agreement, shareholders of Riverview common stock will receive 0.4833 shares of Mid Penn common stock for each share of Riverview common stock they own.
The investigation concerns whether Riverview and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Riverview shareholders; (2) determine whether Mid Penn is underpaying for Riverview; and (3) disclose all material information necessary for Riverview shareholders to adequately assess and value the merger consideration. On behalf of Riverview shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
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