NEW YORK, July 8, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty
and other violations of law by the Board of Directors of Frederick
County Bancorp, Inc. ("Frederick County" or the "Company") (OTC:
FCBI) in connection with the proposed acquisition of the Company by
ACNB Corporation ("ACNB") (NASDAQ: ACNB). Under the terms of
the agreement, Frederick County shareholders will receive 0.99 of a
ACNB share for each Frederick County share they own, representing
consideration of $37.34 per share
based on ACNB's July 2 closing
price.
If you own Frederick County shares and wish to
discuss this investigation or have any questions concerning this
notice or your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888)
593-4771
stockinfo@weisslawllp.com
Visit our website
http://www.weisslawllp.com/frederick-county-bancorp-inc/
Or follow us on Twitter @MarketsAlert
WeissLaw is investigating whether Frederick County's Board acted
to maximize shareholder value prior to entering into the
acquisition agreement. Notably, according to ACNB's President
and CEO, Frederick County is located
in a "growing, vibrant market for community banking . . .
Strategically, this acquisition is intended to complement our
operations . . . with growth opportunities adjacent to our
current footprint while contributing to [ACNB's] established
tradition of enhancing long-term shareholder value."
WeissLaw is investigating whether Frederick County's Board
conducted a fair process in agreeing to the proposed acquisition,
whether the proposed acquisition undervalues the Company, and
whether all material information related to the proposed
acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP