WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Bay Bancorp, Inc. (NASDAQ CM: BYBK)?
- Did you purchase any of your shares prior to September 27, 2017?
- Do you think the proposed buyout is fair?
- 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 Bay Bancorp, Inc. (“Bay Bancorp” or the “Company”) (NASDAQ CM: BYBK) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Old Line Bancshares, Inc. (“Old Line”) (NASDAQ CM: OLBK) in a transaction valued at approximately $128.6 million. Under the terms of the agreement, each share of Bay Bancorp common stock will be exchanged for a number of Old Line shares calculated by dividing $11.80 by the volume weighted average closing prices of Old Line common stock for the 20 trading days ending five trading days before the closing date of the Merger, subject to a minimum average price of $25.65 and a maximum average price of $29.16 and adjustments for the proceeds recognized in the recent settlement of certain litigation and the resolution of certain loans.
If you own common stock of Bay Bancorp and purchased any shares before September 27, 2017, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, 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, or by e-mail at info@rl-legal.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.
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