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PTRS.US
id: 706
Partners Bancorp (PTRS) M&A Case
On February 22, 2023, LINKBANCORP, Inc. (NASDAQ: LNKB), and Partners Bancorp (NASDAQ: PTRS), The Bank of Delmarva and Virginia Partners Bank, announced that they entered into a definitive agreement under which the companies will combine in an all-stock combination, valued at approximately $167.8 million.
Under the terms of the agreement, $PTRS shareholders are expected to receive 1.15 shares of LINKBANCORP stock per share they own.
Investors of $PTRS may have reasons to suspect that the pricing terms of the M&A transaction are unfair and that the Company BoD breached fiduciary duties to shareholders.
Case Status
Inactive Investigation
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Malpractice,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Shareholder,
Investment Bank,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
02/22/2023