Rigrodsky & Long, P.A. Investigates The Wilber Corporation Buyout
October 25 2010 - 3:42PM
Business Wire
Rigrodsky & Long, P.A. announces that it is investigating
potential claims against the board of directors of The Wilber
Corporation (“Wilber” or the “Company”) (NYSE Amex: GIW) concerning
possible breaches of fiduciary duty and other violations of law
related to the Company’s entry into an agreement to be acquired by
Community Bank System, Inc. (“Community Bank”) (NYSE: CBU) in a
transaction valued at approximately $101.8 million. Click here to
learn how to join the action:
http://www.rigrodskylong.com/news/TheWilberCorporation-GIW.
Under the proposed agreement, Wilber shareholders will receive a
set price of $9.50 in cash and Community Bank stock. The
investigation concerns whether Wilber’s board of directors failed
to adequately shop the Company and obtain the best price possible
for Wilber’s shareholders before entering into the agreement with
Community Bank.
If you own the common stock of Wilber and purchased your shares
before October 25, 2010, if you have information or would like to
learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development
Director, of Rigrodsky & Long, P.A., 919 N. Market Street,
Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or
by e-mail to info@rigrodskylong.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly litigates securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, including claims for breach of
fiduciary duty and proxy violations in the Delaware Court of
Chancery and in state and federal courts throughout the United
States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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