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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Your Community Bankshares, Inc. | NASDAQ:YCB | 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% | 39.37 | 39.00 | 39.75 | 0 | 00:00:00 |
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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