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ROME Rome Bancorp, Inc. (MM)

11.30
0.00 (0.00%)
23 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Rome Bancorp, Inc. (MM) NASDAQ:ROME NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 11.30 0 01:00:00

Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Rome Bancorp, Inc.

06/11/2010 1:01pm

Business Wire


Rome Bancorp, Inc. (MM) (NASDAQ:ROME)
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Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of Rome Bancorp, Inc. (NASDAQ: ROME - News) (referred to as "Rome" or the “Company”) by Berkshire Hills Bancorp, Inc. ("Berkshire") in a cash transaction valued at approximately $74 million.

Under the terms of the merger agreement, 70% of the outstanding Rome shares will be exchanged for Berkshire shares at a fixed exchange ratio of 0.5658 Berkshire shares for each share of Rome and the remaining 30% of outstanding shares of Rome will be exchanged for $11.25 in cash. Rome stockholders will have the right to elect to receive cash or Berkshire common stock, subject to 70% of Rome common stock receiving Berkshire common stock and the proration procedures contained in the merger agreement.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders.

If you are a holder of Rome stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.

If you are a shareholder of Rome and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com. All e-mail correspondence should make reference to Rome.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com.

ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

1 Year Rome Bancorp, Inc. (MM) Chart

1 Year Rome Bancorp, Inc. (MM) Chart

1 Month Rome Bancorp, Inc. (MM) Chart

1 Month Rome Bancorp, Inc. (MM) Chart

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