CKF Bancorp, Inc. Has Agreed to be Acquired by Kentucky First Federal Bancorp

  • Do you own shares of CKF Bancorp, Inc. (OTC BB: CKFB.OB)?
  • Did you buy any shares before November 3, 2011?
  • Do you think that the proposed buyout price is too low?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

Contact R & L today to be sure your best interests are being protected.

R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of CKF Bancorp, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Kentucky First Federal Bancorp for approximately $9.50 per share.

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Rigrodsky & Long, P.A. Investigates CKF Bancorp, Inc.'s Sale to Kentucky First Federal Bancorp for Shareholders

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of CKF Bancorp, Inc. (“CKF Bancorp” or the “Company”) (OTC BB: CKFB.OB) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Kentucky First Federal Bancorp (“KFFB”) in a transaction with an approximate value of $10.8 million.

Under the proposed agreement, each holder of CKF Bancorp common stock may elect to receive in exchange for 100% of his or her shares: (i) an amount equal to $9.50 in cash for each share of CKF Bancorp common stock; (ii) a number of shares of KFFB common stock equal to an agreed upon Exchange Ratio; or (iii) a combination of cash consideration for 40% of the shares held and stock consideration for 60% of the shares held.

The investigation concerns whether CKF Bancorp’s board of directors adequately shopped the Company to obtain the best price possible for CKF Bancorp’s shareholders before entering into the agreement with KFFB.  Indeed, according to Yahoo! Finance, CKF Bancorp has a book value of approximately $11.49 per share.

If you own the common stock of CKF Bancorp and purchased your shares before November 3, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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