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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of United Financial Bancorp, Inc. to People's United Financial, Inc. is Fair to Shareholders

Jul 17, 2019

NEW YORK, July 17, Jul 17, 2019 (GLOBE NEWSWIRE via COMTEX News Network) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased United Financial Bancorp, Inc. ("United Financial" or the "Company") (NASDAQGS: UBNK) stock prior to July 15, 2019.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of United Financial to People's United Financial, Inc. ("People's United") (NASDAQGS: PBCT). Under the terms of the deal, United Financial shareholders will receive 0.875 shares of People's United stock for each United Financial share. To learn more about the action and your rights, go to:

https://www.zlk.com/mna/united-financial-bancorp-inc

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

The United Financial merger investigation concerns whether the Board of United Financial breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether People's United is underpaying for United Financial shares, thus unlawfully harming United Financial shareholders.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com

https://ml.globenewswire.com/media/ac93d66b-f8d2-429d-9026-c5b32b0ac0ee/small/250x148-zlk-jpg.jpg

(C) Copyright 2019 GlobeNewswire, Inc. All rights reserved.

SOURCE: Comtex

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