Faruqi & Faruqi Investigation: Astoria Financial Corporation

Faruqi & Faruqi, LLP Announces the Investigation of Astoria Financial Corporation (AF) Over the Proposed Sale of the Company to New York Community Bancorp Inc.

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Astoria Financial Corporation (“Astoria Financial” or the “Company”) (NYSE:AF) for potential breaches of fiduciary duties in connection with the sale of the Company to New York Community Bancorp Inc. for approximately $2 billion in a cash and common stock transaction.
The Company’s stockholders will only receive $0.50 in cash and 1.00 share of New York Community Bancorp Inc. for each share of Company common stock they own, or approximately $16.47 per share. However, at least one analyst has set a price target for Astoria Financial stock at $19.50 per share.
If you own common stock in Astoria Financial and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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