WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Your Community Bankshares, Inc. (NASDAQ CM: YCB)?
- Did you purchase any of your shares prior to May 3, 2016?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Your Community Bankshares, Inc. (“Your Community” or the “Company”) (NASDAQ CM: YCB) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by WesBanco, Inc. (“WesBanco”) (NASDAQ GS: WSBC), in a transaction valued at approximately $221.0 million.
Click here to learn more: http://rigrodskylong.com/investigations/your-community-bankshares-inc-ycb.
Under the terms of the agreement, shareholders of Your Community will receive 0.964 of a share of WesBanco common stock and cash in the amount of $7.70 per share for each share of Your Community common stock they own. Based on WesBanco’s closing stock price on May 2, 2016, Your Community shareholders would have received compensation valued at approximately $39.05 per share.
The investigation concerns whether Your Community’s board of directors failed to adequately shop the Company and obtain the best possible value for Your Community’s shareholders before entering into an agreement with WesBanco.
If you own the common stock of Your Community and purchased your shares before May 3, 2016, 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 Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://rigrodskylong.com/investigations/your-community-bankshares-inc-ycb.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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