Robbins Arroyo LLP: Acquisition of Your Community Bankshares, Inc. (YCB) by WesBanco, Inc. (WSBC) May Not Be in Shareholders'...
May 04 2016 - 3:37PM
Business Wire
Shareholder rights attorneys at Robbins Arroyo LLP are
investigating the proposed acquisition of Your Community
Bankshares, Inc. (NASDAQ: YCB) by WesBanco, Inc. (NASDAQ: WSBC). On
May 3, 2016, the two companies announced the signing of a
definitive merger agreement pursuant to which WesBanco will acquire
Your Community. Under the terms of the agreement, Your Community
shareholders will receive 0.964 shares of WesBanco and $7.70 per
share in cash for each share of Your Community they own, the value
of which is equivalent to $39.05 per share of Your Community.
View this information on the law firm's Shareholder Rights Blog:
www.robbinsarroyo.com/shareholders-rights-blog/your-community-bankshares-inc/
Is the Proposed Acquisition Best for Your Community and Its
Shareholders?
Robbins Arroyo LLP's investigation focuses on whether the board
of directors at Your Community is undertaking a fair process to
obtain maximum value and adequately compensate its
shareholders.
The $39.05 merger consideration represents a premium of only
15.9% based on Your Community's closing price on May 2, 2016. This
premium is significantly below the average one-day premium of
nearly 51.5% for comparable transactions within the past year.
In light of these facts, Robbins Arroyo LLP is examining Your
Community's board of directors' decision to sell the company now
rather than allow shareholders to continue to participate in the
company's continued success and future growth prospects.
Your Community shareholders have the option to file a class
action lawsuit to ensure the board of directors obtains the best
possible price for shareholders and the disclosure of material
information. Your Community shareholders interested in information
about their rights and potential remedies can contact attorney
Darnell R. Donahue at (800) 350-6003, ddonahue@robbinsarroyo.com,
or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
securities litigation and shareholder rights law. The law firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits, and has helped its
clients realize more than $1 billion of value for themselves and
the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a similar
outcome.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160504006663/en/
Robbins Arroyo LLPDarnell R. Donahue(619) 525-3990 or Toll Free
(800) 350-6003ddonahue@robbinsarroyo.comwww.robbinsarroyo.com
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