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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 |
Levi & Korsinsky is investigating the Board of Directors of Rome Bancorp, Inc. (“Rome” or the “Company”) (NasdaqGM:ROME) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Berkshire Hills Bancorp, Inc. (“Berkshire Hills”) (NasdaqGS:BHLB). Under the terms of the transaction, 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. The remaining 30% of Rome shares will be exchanged for cash in the amount of $11.25 per share. Based on Berkshire's closing stock price of $18.78 on October 11, 2010, the combined consideration for Rome's shares is calculated at $10.81 per share. The total transaction is valued at approximately $74 million.
Click here to learn how to join the action: http://www.zlk.com/rome-bancorp.html, or call: 877-363-5972.
The investigation concerns whether the Rome Board of Directors breached their fiduciary duties to Rome stockholders by failing to adequately shop the Company before entering into this transaction and whether Berkshire Hills is underpaying for Rome shares, thus unlawfully harming Rome stockholders. In particular, at least one analyst set a price target for Rome stock at $11.00 per share.
If you own common stock in Rome and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/rome-bancorp.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below.
1 Year Rome Bancorp, Inc. (MM) Chart |
1 Month Rome Bancorp, Inc. (MM) Chart |
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