Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of The Wilber Corp. in Connection with the P...
26 October 2010 - 12:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
The Wilber Corporation (“Wilber Corporation” or the “Company”)
(NYSE Amex:GIW) related to the Company’s agreement to be acquired
by Community Bank System, Inc. (“Community Bank”). The proposed
cash-and-stock transaction is valued at approximately $101
million.
Under the terms of the definitive merger agreement entered into
by the parties, Wilber Corporation shareholders will receive $9.50
in cash and Community Bank stock for each share they own of the
Company’s stock. Wilber Corporation’s board of directors has
unanimously approved the proposed transaction. The merger is
expected to be completed in early 2011. The investigation concerns
possible breaches of fiduciary duty and other violations of law
related to approval of the proposed transaction by Wilber
Corporation’s board of directors.
If you are a shareholder of Wilber Corporation, 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 Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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