STEVENSON, Md., Sept. 13, 2015 /PRNewswire/ -- The
securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches
of fiduciary duty and other violations of state law by the Board of
Directors of Baylake Corp. (NasdaqCM: BYLK) ("Baylake" or the
"Company") relating to the proposed buyout of the Company by
Nicolet Bankshares, Inc.
Under the terms of the transaction, Baylake shareholders are
anticipated to receive 0.4517 shares of Nicolet common stock for
each share of Baylake common stock they own, representing an
approximate value of $15.02 per
share. Baylake also expects to issue a cash dividend of
$0.40 per share. The firm's
investigation seeks to determine, among other things, whether the
Company's Board of Directors failed to satisfy their duties to
shareholders, including whether the Board adequately pursued
alternatives to the acquisition and whether the Board obtained the
best price possible for the Company's shares of common stock.
If you currently own common stock of Baylake and believe that
the proposed buyout price is too low, or you would like to learn
more about the investigation being conducted by Brower Piven,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You
may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com or by telephone at (410)
415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
CONTACT:
Charles J. Piven / Brower Piven, A
Professional Corporation
1925 Old Valley Road / Stevenson,
Maryland 21153
Telephone: 410-415-6616 / hoffman@browerpiven.com
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SOURCE Brower Piven, A Professional Corporation