Bull & Lifshitz, LLP Announces Investigation of the Acquisition of The Wilber Corporation
November 06 2010 - 8:01AM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of The Wilber Corporation (AMEX: GIW) (referred to as
"Wilber" or the “Company”) by Community Bank System, Inc.
("Community Bank") in a stock and cash transaction valued at
approximately $101.8 million.
Under the terms of the definitive agreement, each issued and
outstanding share of Wilber common stock will be converted into the
right to receive, at the election of the shareholder, (i) cash,
equal to $9.50 per share (the "Cash Consideration"), (ii) a number
of shares of Community Bank common stock plus cash in lieu of
fractional shares, if any (the "Stock Consideration"), or (iii) a
combination of cash and stock, subject to proration procedures
which provide that the aggregate consideration paid by Community
Bank will be 80% Community Bank common stock and 20% cash.
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 Wilber 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 Wilber 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 Wilber.
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.
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