Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Wilber Corp. - GIW

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Wilber Corp. (“Wilber” or the “Company”) (AMEX: GIW) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Community Bank System, Inc. (NYSE: CBU). The proposed transaction offers Wilber shareholders to only receive $9.50 in Community Bank System stock and/or cash per share. The transaction is valued at approximately $101.8 million.

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Whether the Wilber’s Board of Directors breached their fiduciary duties to Wilber’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Wilber’s shares and by how much this proposed transaction undervalues the Company to the detriment of Wilber shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Wilber and wish to obtain additional information, please visit us at www.faruqilaw.com/GIW or contact Juan E. Monteverde, Esq. either via e-mail at [e-mail] or by telephone at [phone] or [phone].

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