BAYLAKE CORP. SHAREHOLDER ALERT: Kendall Law Group Questions Whether Acquisition by Nicolet Bankshares, Inc. is in Best Inter...
11 Settembre 2015 - 3:30PM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Baylake Corp. (NASDAQ: BYLK) and its Board of
Directors on behalf of shareholders in connection with the proposed
buyout by Nicolet Bankshares, Inc. (NASDAQ: NCBS). According to the
terms of the agreement, Baylake shareholders will only receive
0.4517 shares of Nicolet common stock for each share of Baylake
common stock held plus a cash dividend of $0.40 per share. This
represents only a small premium over the closing price before the
deal was announced. At least one Wall Street analyst estimated a
target price of $15.00 per share.
The national securities firm’s investigation seeks to determine
whether Baylake and its Board breached their fiduciary duties by
engaging in self-dealing, failing to maximize the value of the
Company, failing to disclose all material benefits and costs, and
failing to obtain the best possible consideration for the Baylake
shareholders.
If you currently own shares of Baylake and want to know more
about your rights, you are encouraged to contact Jamie McKey at the
Kendall Law Group at 877-744-3728 or by email at
jmckey@kendalllawgroup.com to learn more about your rights as a
shareholder. There is no cost or obligation to you. Kendall Law
Group was founded by a former federal judge, includes a former
United States Attorney, prosecutors and securities lawyers who are
experienced in nationwide complex securities litigation. The firm
has been counsel in numerous merger and acquisition cases
nationwide, including some of the largest transactions in the
United States.
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version on businesswire.com: http://www.businesswire.com/news/home/20150911005051/en/
Kendall Law Group LLPJamie McKey, 214-744-3000877-744-3728 Toll
Free214-744-3015
Facsimilejmckey@kendalllawgroup.comwww.kendalllawgroup.com
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