YOUR COMMUNITY BANKSHARES, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe & Powers Taylor LLP Believe the Acquisi...
May 09 2016 - 11:40AM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating potential claims against the Board of
Directors of Your Community Bankshares, Inc. (“YCB”) (NASDAQ: YCB)
concerning the acquisition by WesBanco, Inc. (NASDAQ: WSBC). Under
the terms of the agreement, valued at approximately $221 million,
YCB shareholders will only receive $7.70 in cash and 0.964 shares
of WSBC per YCB share owned. The consideration is valued at
approximately $39.05, which is virtually no premium over the
closing price before the deal was announced.
If you are an affected investor, and you want to learn more
about the investigation or if you have information that you believe
would be helpful to our investigation of the fairness of the
proposed transaction, contact Willie Briscoe at The Briscoe Law
Firm, PLLC via email at shareholders@thebriscoelawfirm.com, Patrick
Powers at Powers Taylor LLP via e-mail at
shareholder@powerstaylor.com or by calling toll free at (877)
728-9607. There is no cost or fee to you.
The investigation centers on whether YCB’s Board of Directors is
acting in the shareholders’ best interests, whether the board
considered alternatives to the acquisition, and whether the board
has employed an adequate process to review and act on the proposed
transaction.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160509006232/en/
The Briscoe Law Firm, PLLCWillie Briscoe,
877-728-9607shareholders@thebriscoelawfirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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